Brokerages Set Coca-Cola Europacific Partners (NASDAQ:CCEP) Target Price at $92.40

Coca-Cola Europacific Partners (NASDAQ:CCEP) has been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $92.40.

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Barclays cut their price target on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th. Finally, Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 7th.

Institutional Trading of Coca-Cola Europacific Partners

A number of hedge funds have recently modified their holdings of CCEP. Vanguard Group Inc. raised its position in Coca-Cola Europacific Partners by 462.7% during the first quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company’s stock valued at $862,167,000 after acquiring an additional 8,126,996 shares in the last quarter. Truist Financial Corp grew its stake in shares of Coca-Cola Europacific Partners by 10,480.7% during the 3rd quarter. Truist Financial Corp now owns 4,756,043 shares of the company’s stock worth $429,994,000 after purchasing an additional 4,711,093 shares during the period. Norges Bank purchased a new position in shares of Coca-Cola Europacific Partners during the 2nd quarter valued at approximately $381,335,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Coca-Cola Europacific Partners by 138.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,835,583 shares of the company’s stock valued at $527,595,000 after purchasing an additional 3,392,680 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 12,873.0% in the 3rd quarter. Bessemer Group Inc. now owns 2,537,646 shares of the company’s stock valued at $229,428,000 after purchasing an additional 2,518,085 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP opened at $91.41 on Monday. The company has a market cap of $42.14 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 2.54 and a beta of 0.74. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The stock’s fifty day moving average price is $89.26 and its 200 day moving average price is $91.31. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67.

Coca-Cola Europacific Partners Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Friday, November 14th will be given a dividend of $1.25 per share. This represents a yield of 283.0%. The ex-dividend date of this dividend is Friday, November 14th.

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.