Coca-Cola Europacific Partners' (CCEP) Underweight Rating Reiterated at JPMorgan Chase & Co.

Key Points

• JPMorgan reiterated its “underweight” rating on Coca-Cola Europacific Partners, maintaining a $92 price target that implies approximately 15.7% downside from the stock’s $109.15 opening price.
• Analyst sentiment remains mixed but leans positive: CCEP has a consensus “Moderate Buy” rating and an average price target of $108.44, supported by seven Buy, three Hold, and one Sell rating.
• Institutional investors and hedge funds own approximately 31.35% of CCEP’s shares, while the stock trades near its 52-week high of $113.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report)'s stock had its "underweight" rating restated by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $92.00 target price on the stock. JPMorgan Chase & Co.'s price target points to a potential downside of 15.71% from the stock's current price.

CCEP has been the topic of several other reports. Wells Fargo & Company upped their price target on shares of Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Weiss Ratings raised shares of Coca-Cola Europacific Partners from a "buy (b)" rating to a "buy (b+)" rating in a report on Thursday, August 27th. Barclays boosted their price target on 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 cut Coca-Cola Europacific Partners from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $109.00 to $107.00 in a report on Thursday, August 13th. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $106.00 price target on shares of Coca-Cola Europacific Partners in a research report on Wednesday, August 5th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.44.

Coca-Cola Europacific Partners Trading Up 1.3%

Shares of NASDAQ CCEP opened at $109.15 on Friday. The business's 50 day moving average is $106.89 and its 200-day moving average is $100.45. Coca-Cola Europacific Partners has a 1-year low of $84.65 and a 1-year high of $113.67. The company has a current ratio of 0.89, a quick ratio of 0.68 and a debt-to-equity ratio of 1.20.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

A number of institutional investors and hedge funds have recently bought and sold shares of CCEP. Bayban acquired a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 407.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company's stock worth $32,000 after purchasing an additional 285 shares during the period. Whipplewood Advisors LLC grew its stake in shares of Coca-Cola Europacific Partners by 1,537.5% in the first quarter. Whipplewood Advisors LLC now owns 393 shares of the company's stock worth $36,000 after purchasing an additional 369 shares during the last quarter. Quarry LP increased its holdings in Coca-Cola Europacific Partners by 59.1% in the fourth quarter. Quarry LP now owns 393 shares of the company's stock valued at $36,000 after purchasing an additional 146 shares during the period. Finally, 1248 Management LLC acquired a new position in Coca-Cola Europacific Partners during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Company Profile

• Why Chemours Co NYSE: CC Stock is the Recipe for Gains

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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