Coca-Cola Europacific Partners (NASDAQ:CCEP) Given New $98.00 Price Target at Barclays

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price objective hoisted by Barclays from $92.00 to $98.00 in a research note released on Thursday,Benzinga reports. Barclays currently has an overweight rating on the stock.

CCEP has been the topic of a number of other research reports. UBS Group upped their price target on 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. Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target on the stock. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. Finally, Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $86.67.

Coca-Cola Europacific Partners Trading Down 0.3 %

Shares of CCEP opened at $84.45 on Thursday. Coca-Cola Europacific Partners has a 52-week low of $65.94 and a 52-week high of $88.39. The business’s fifty day moving average is $80.08 and its 200-day moving average is $78.83. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The firm has a market cap of $38.93 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 4.89 and a beta of 0.91.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. World Investment Advisors LLC purchased a new position in Coca-Cola Europacific Partners during the 3rd quarter valued at about $6,975,000. Transform Wealth LLC increased its holdings in Coca-Cola Europacific Partners by 7.7% during the 4th quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock valued at $10,653,000 after purchasing an additional 9,864 shares during the period. Geode Capital Management LLC increased its holdings in Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after purchasing an additional 58,247 shares during the period. Quantbot Technologies LP increased its holdings in Coca-Cola Europacific Partners by 617.2% during the 3rd quarter. Quantbot Technologies LP now owns 44,660 shares of the company’s stock valued at $3,517,000 after purchasing an additional 38,433 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in shares of Coca-Cola Europacific Partners by 28.7% during the 4th quarter. Vontobel Holding Ltd. now owns 329,422 shares of the company’s stock worth $24,651,000 after acquiring an additional 73,393 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

About Coca-Cola Europacific Partners

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.