Coca-Cola Europacific Partners (NASDAQ:CCEP – Free Report) had its price target raised by Wells Fargo & Company from $115.00 to $120.00 in a report released on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.
A number of other research firms also recently commented on CCEP. UBS Group reaffirmed a “neutral” rating and set a $107.00 price objective (down from $109.00) on shares of Coca-Cola Europacific Partners in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $114.00 target price (up from $110.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, September 16th. Weiss Ratings raised shares of Coca-Cola Europacific Partners from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 15th. ING Group cut shares of Coca-Cola Europacific Partners to a “hold” rating in a research note on Friday, September 18th. Finally, JPMorgan Chase & Co. started coverage on Coca-Cola Europacific Partners in a research note on Friday, September 4th. They issued an “underweight” rating and a $92.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and an average price target of $110.33.
View Our Latest Report on CCEP
Coca-Cola Europacific Partners Price Performance
Shares of CCEP traded down $1.16 on Wednesday, reaching $116.13. 2,081,158 shares of the stock traded hands, compared to its average volume of 1,748,332. The stock’s 50-day moving average price is $106.69 and its 200-day moving average price is $101.26. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.68 and a current ratio of 0.89. Coca-Cola Europacific Partners has a 12 month low of $84.65 and a 12 month high of $119.09.
Coca-Cola Europacific Partners Dividend Announcement
The company also recently declared a dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, November 20th will be given a €1.42 dividend. The ex-dividend date is Friday, November 20th. This represents a yield of 286.0%.
Institutional Trading of Coca-Cola Europacific Partners
Several hedge funds have recently modified their holdings of the company. Root Financial Partners LLC bought a new position in shares of Coca-Cola Europacific Partners in the third quarter valued at approximately $30,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Coca-Cola Europacific Partners by 407.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock valued at $32,000 after purchasing an additional 285 shares in the last quarter. Whipplewood Advisors LLC increased its holdings in Coca-Cola Europacific Partners by 1,537.5% during the 1st quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock valued at $36,000 after purchasing an additional 369 shares in the last quarter. Eastern Bank bought a new position in Coca-Cola Europacific Partners in the 2nd quarter valued at $49,000. Finally, Axiom Investment Management LLC bought a new position in Coca-Cola Europacific Partners in the 1st quarter valued at $72,000. Institutional investors and hedge funds own 31.35% of the company’s stock.
Coca-Cola Europacific Partners Company Profile
Coca-Cola Europacific Partners (CCEP) is a beverage company that manufactures, sells and distributes products under The Coca-Cola Company’s brands. Its portfolio includes Coca-Cola, Fanta and Sprite, as well as water, sports drinks, energy drinks, juices and ready-to-drink tea and coffee.
CCEP serves customers across markets in Western Europe and the Asia-Pacific region, including Australia, New Zealand and parts of Southeast Asia. The company was formed in 2016 through the combination of Coca-Cola bottling operations in Europe and expanded into the Asia-Pacific region with its 2021 acquisition of Coca-Cola Amatil.
Damian Gammell is CCEP’s chief executive officer.
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