Analysts Set Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target at $108.56

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEPGet Free Report) have received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $108.5556.

CCEP has been the subject of several research analyst reports. UBS Group downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $109.00 to $107.00 in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Sanford C. Bernstein reiterated a “market perform” rating and set a $106.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Wednesday, August 5th. Wells Fargo & Company increased their target price on Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, Weiss Ratings upgraded Coca-Cola Europacific Partners from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, August 27th.

Read Our Latest Stock Report on CCEP

Institutional Trading of Coca-Cola Europacific Partners

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fulton Bank N.A. raised its position in Coca-Cola Europacific Partners by 3.2% in the first quarter. Fulton Bank N.A. now owns 3,699 shares of the company’s stock valued at $335,000 after purchasing an additional 113 shares during the period. Parallel Advisors LLC grew its holdings in shares of Coca-Cola Europacific Partners by 3.7% during the 1st quarter. Parallel Advisors LLC now owns 3,341 shares of the company’s stock worth $303,000 after purchasing an additional 119 shares during the period. CWM LLC increased its position in shares of Coca-Cola Europacific Partners by 11.1% during the 4th quarter. CWM LLC now owns 1,370 shares of the company’s stock worth $124,000 after purchasing an additional 137 shares during the last quarter. Quarry LP increased its position in shares of Coca-Cola Europacific Partners by 59.1% during the 4th quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after purchasing an additional 146 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in Coca-Cola Europacific Partners by 18.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,015 shares of the company’s stock valued at $92,000 after buying an additional 155 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock opened at $107.78 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.89 and a debt-to-equity ratio of 1.20. The stock has a 50 day simple moving average of $106.70 and a 200-day simple moving average of $100.38. Coca-Cola Europacific Partners has a 1-year low of $84.65 and a 1-year high of $113.67.

Coca-Cola Europacific Partners Company Profile

(Get Free Report)

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.

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Analyst Recommendations for Coca-Cola Europacific Partners (NASDAQ:CCEP)

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