Wells Fargo & Company Issues Positive Forecast for Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Price

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price objective lifted by Wells Fargo & Company from $115.00 to $120.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of Coca-Cola Europacific Partners in a report on Friday, September 4th. They issued an “underweight” rating and a $92.00 price objective on the stock. ING Group cut shares of Coca-Cola Europacific Partners to a “hold” rating in a report on Friday, September 18th. Weiss Ratings raised shares of Coca-Cola Europacific Partners from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $114.00 price target (up from $110.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, September 16th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $106.00 price target on shares of Coca-Cola Europacific Partners in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.00.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $115.84 on Wednesday. The business has a 50-day simple moving average of $106.35 and a two-hundred day simple moving average of $100.99. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $116.92. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.68 and a current ratio of 0.89.

Coca-Cola Europacific Partners Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, November 20th will be issued a dividend of €1.42 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a yield of 286.0%.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

A number of hedge funds have recently modified their holdings of the company. Lido Advisors LLC increased its stake in Coca-Cola Europacific Partners by 7.6% in the 3rd quarter. Lido Advisors LLC now owns 3,925 shares of the company’s stock worth $399,000 after buying an additional 277 shares in the last quarter. Keybank National Association OH raised its holdings in Coca-Cola Europacific Partners by 1.5% during the third quarter. Keybank National Association OH now owns 6,381 shares of the company’s stock valued at $649,000 after acquiring an additional 96 shares during the period. Csenge Advisory Group bought a new stake in Coca-Cola Europacific Partners during the third quarter valued at about $318,000. M&G PLC lifted its position in shares of Coca-Cola Europacific Partners by 0.5% in the third quarter. M&G PLC now owns 169,229 shares of the company’s stock valued at $17,261,000 after acquiring an additional 912 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of Coca-Cola Europacific Partners by 3.2% in the third quarter. Retirement Systems of Alabama now owns 61,704 shares of the company’s stock valued at $6,276,000 after acquiring an additional 1,900 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners News Roundup

Here are the key news stories impacting Coca-Cola Europacific Partners this week:

• Positive Sentiment: CCEP exceeded third-quarter revenue expectations as volumes rose, and it kept its full-year guidance unchanged. This points to continued demand, although the unchanged outlook may limit the significance of the results. CCEP beats Q3 revenue forecasts, guidance unchanged
• Positive Sentiment: Wells Fargo raised its price target from $115 to $120 and reiterated an “overweight” rating, signaling modest upside from the cited share price. Wells Fargo price-target update
• Positive Sentiment: UBS also lifted its target, from $107 to $115, though it retained a “neutral” rating; its revised target is slightly below the cited share price. UBS analyst recommendations
• Neutral Sentiment: The company declared a €1.42-per-share dividend, payable December 3 to shareholders of record November 20. This may appeal to income-focused investors but is not a change to operating performance.
• Negative Sentiment: Management flagged cost pressures. While it maintained its full-year outlook, rising costs could weigh on margins if they intensify. Reuters report on cost pressures and outlook

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.