Brokerages Set Coca-Cola Europacific Partners (NASDAQ:CCEP) Target Price at $107.12

Coca-Cola Europacific Partners (NASDAQ:CCEP) has received a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $107.1250.

CCEP has been the topic of several recent research reports. Weiss Ratings downgraded shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. UBS Group lifted their target price on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, July 2nd. Wells Fargo & Company upped their price target on shares of Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Finally, Barclays raised their price objective on shares of Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th.

Institutional Trading of Coca-Cola Europacific Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bayban purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Coca-Cola Europacific Partners by 407.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock valued at $32,000 after buying an additional 285 shares in the last quarter. Whipplewood Advisors LLC grew its holdings in Coca-Cola Europacific Partners by 1,537.5% during the 1st quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock valued at $36,000 after buying an additional 369 shares in the last quarter. Quarry LP increased its position in shares of Coca-Cola Europacific Partners by 59.1% during the fourth quarter. Quarry LP now owns 393 shares of the company’s stock valued at $36,000 after buying an additional 146 shares during the period. Finally, 1248 Management LLC bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at about $38,000. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP opened at $106.05 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a one year low of $84.65 and a one year high of $110.90. The business’s fifty day moving average price is $97.74 and its 200-day moving average price is $96.42.

Coca-Cola Europacific Partners Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, May 27th. Stockholders of record on Friday, May 15th were issued a $0.82 dividend. This represents a dividend yield of 213.0%. The ex-dividend date of this dividend was Friday, May 15th.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.