Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Has Average Price Target of $107.11 According to Brokerages

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) have been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $107.11.

A number of equities research analysts recently commented on CCEP shares. Weiss Ratings upgraded Coca-Cola Europacific Partners from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $114.00 price objective (up from $110.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, September 16th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $92.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Friday, September 4th. UBS Group reissued a “neutral” rating and set a $107.00 target price (down from $109.00) on shares of Coca-Cola Europacific Partners in a report on Monday, October 5th. Finally, Wells Fargo & Company decreased their target price on shares of Coca-Cola Europacific Partners from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Monday, October 5th.

Coca-Cola Europacific Partners Stock Up 1.3%

NASDAQ CCEP opened at $112.29 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.89 and a quick ratio of 0.68. The stock’s fifty day moving average price is $105.57 and its 200 day moving average price is $100.00. Coca-Cola Europacific Partners has a 1 year low of $84.65 and a 1 year high of $114.55.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Institutional investors and hedge funds have recently modified their holdings of the stock. National Pension Service grew its stake in shares of Coca-Cola Europacific Partners by 23.6% during the 2nd quarter. National Pension Service now owns 65,302 shares of the company’s stock worth $6,535,000 after purchasing an additional 12,468 shares during the period. SEB Asset Management AB acquired a new stake in Coca-Cola Europacific Partners during the first quarter valued at $6,759,000. NEOS Investment Management LLC grew its position in Coca-Cola Europacific Partners by 12.0% during the second quarter. NEOS Investment Management LLC now owns 273,000 shares of the company’s stock valued at $27,319,000 after buying an additional 29,318 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Coca-Cola Europacific Partners by 157.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 493,118 shares of the company’s stock valued at $44,715,000 after buying an additional 301,910 shares during the period. Finally, Andra AP fonden increased its holdings in Coca-Cola Europacific Partners by 23.2% in the second quarter. Andra AP fonden now owns 60,456 shares of the company’s stock valued at $6,050,000 after buying an additional 11,400 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a consumer beverage company and one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes and sells a broad portfolio of branded beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Fuze Tea, Powerade, Monster Energy and Costa Coffee products, depending on the market.

CCEP serves customers across Europe and the Asia-Pacific region. Its territories include Great Britain, France, Germany, Spain, Portugal, Belgium, the Netherlands, Norway, Sweden and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.