Coca-Cola Europacific Partners (NASDAQ:CCEP – Get Free Report) has received an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $108.44.
Several equities research analysts recently commented on the company. Weiss Ratings raised Coca-Cola Europacific Partners from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $92.00 price objective on shares of Coca-Cola Europacific Partners in a report on Friday, September 4th. Barclays upped their target price on shares of Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. UBS Group downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “neutral” rating and dropped their price target for the company from $109.00 to $107.00 in a report on Thursday, August 13th. Finally, Wells Fargo & Company lifted their price target on shares of Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd.
Get Our Latest Research Report on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Price Performance
Institutional Investors Weigh In On Coca-Cola Europacific Partners
Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth $363,294,000. Amundi grew its holdings in shares of Coca-Cola Europacific Partners by 13.4% in the first quarter. Amundi now owns 3,399,052 shares of the company’s stock worth $308,192,000 after acquiring an additional 401,683 shares during the period. Bank of America Corp DE increased its position in Coca-Cola Europacific Partners by 0.6% during the first quarter. Bank of America Corp DE now owns 2,692,575 shares of the company’s stock valued at $244,136,000 after acquiring an additional 17,036 shares during the last quarter. Bessemer Group Inc. increased its position in Coca-Cola Europacific Partners by 14.5% during the first quarter. Bessemer Group Inc. now owns 2,289,254 shares of the company’s stock valued at $207,568,000 after acquiring an additional 289,080 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in Coca-Cola Europacific Partners in the first quarter valued at about $97,058,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.
About Coca-Cola Europacific Partners
Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a major Coca-Cola bottling partner that manufactures, markets, sells and distributes a broad portfolio of beverages. Its products include Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Powerade, Fuze Tea, smartwater, Costa Coffee and Monster Energy, among other brands.
The company serves customers across a broad geographic territory spanning Europe and the Asia-Pacific region. Its markets include Great Britain, Germany, Spain, Portugal, France, Belgium, the Netherlands, Norway, Sweden, Iceland and Switzerland, as well as Australia, New Zealand, Indonesia and selected Pacific island markets.
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