Coca-Cola Europacific Partners (NASDAQ:CCEP) Cut to Reduce at Kepler Capital Markets

Kepler Capital Markets cut shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) from a hold rating to a reduce rating in a research note released on Tuesday morning, MarketBeat reports.

CCEP has been the subject of several other reports. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Barclays cut their price target on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Sanford C. Bernstein assumed 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. UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Evercore ISI upped their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $85.00.

Coca-Cola Europacific Partners Trading Up 0.0 %

Coca-Cola Europacific Partners stock opened at $86.12 on Tuesday. The stock has a market cap of $39.70 billion, a P/E ratio of 17.72, a PEG ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners has a fifty-two week low of $65.94 and a fifty-two week high of $88.39. The firm’s fifty day moving average price is $79.12 and its 200-day moving average price is $78.47. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several hedge funds have recently bought and sold shares of CCEP. Invesco Ltd. raised its holdings in Coca-Cola Europacific Partners by 26.3% in the fourth quarter. Invesco Ltd. now owns 10,119,928 shares of the company’s stock worth $777,312,000 after buying an additional 2,105,019 shares during the last quarter. FMR LLC increased its holdings in Coca-Cola Europacific Partners by 3.3% during the fourth quarter. FMR LLC now owns 7,234,642 shares of the company’s stock valued at $555,693,000 after buying an additional 229,679 shares during the last quarter. Amundi increased its holdings in Coca-Cola Europacific Partners by 2.9% during the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock valued at $233,716,000 after buying an additional 87,675 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Coca-Cola Europacific Partners by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock worth $221,835,000 after purchasing an additional 872,060 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Coca-Cola Europacific Partners by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock worth $217,191,000 after purchasing an additional 32,776 shares during the period. Institutional investors 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.