Brokerages Set Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) PT at $84.11

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have earned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $84.11.

A number of equities analysts have recently weighed in on the stock. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. UBS Group increased their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target for the company. Barclays lowered their price target on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th.

Coca-Cola Europacific Partners Trading Down 0.1 %

Shares of CCEP stock opened at $80.03 on Friday. The business’s fifty day moving average price is $77.03 and its 200 day moving average price is $77.31. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners has a 1-year low of $65.77 and a 1-year high of $82.32.

Institutional Trading of Coca-Cola Europacific Partners

A number of large investors have recently made changes to their positions in CCEP. World Investment Advisors LLC purchased a new position in Coca-Cola Europacific Partners in the 3rd quarter valued at about $6,975,000. Transform Wealth LLC raised its position in shares of Coca-Cola Europacific Partners by 7.7% in the fourth quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock valued at $10,653,000 after buying an additional 9,864 shares during the last quarter. Diversified Trust Co purchased a new position in shares of Coca-Cola Europacific Partners during the third quarter valued at approximately $2,513,000. Marshall Wace LLP acquired a new stake in Coca-Cola Europacific Partners during the second quarter worth approximately $1,846,000. Finally, Vontobel Holding Ltd. grew its stake in Coca-Cola Europacific Partners by 2,575.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock worth $20,244,000 after acquiring an additional 246,458 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.