Coca-Cola Europacific Partners (NASDAQ:CCEP) Given New $115.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo lowered Coca-Cola Europacific Partners’ price target from $120 to $115 while maintaining an “overweight” rating, implying approximately 13.79% upside from the current price.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $107.89; ratings include one Strong Buy, six Buys, three Holds, and one Sell.
• CCEP shares opened at $101.06, within a 52-week range of $84.65 to $113.67, while institutional investors own approximately 31.35% of the company.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) had its price target reduced by investment analysts at Wells Fargo & Company from $120.00 to $115.00 in a report released on Monday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price target would suggest a potential upside of 13.79% from the company's current price.

CCEP has been the topic of several other reports. Barclays upped their price target on Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Wednesday, September 16th. Weiss Ratings raised shares of Coca-Cola Europacific Partners from a "buy (b)" rating to a "buy (a-)" rating in a research report on Thursday, September 24th. Sanford C. Bernstein reissued a "market perform" rating and set a $106.00 price target on shares of Coca-Cola Europacific Partners in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and set a $92.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $107.89.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $101.06 on Monday. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $113.67. The business's 50 day moving average price is $105.81 and its two-hundred day moving average price is $100.19. The company has a current ratio of 0.89, a quick ratio of 0.68 and a debt-to-equity ratio of 1.20.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Large investors have recently added to or reduced their stakes in the stock. Andra AP fonden raised its stake in Coca-Cola Europacific Partners by 23.2% during the 2nd quarter. Andra AP fonden now owns 60,456 shares of the company's stock valued at $6,050,000 after buying an additional 11,400 shares during the last quarter. National Pension Service boosted its stake in shares of Coca-Cola Europacific Partners by 23.6% in the 2nd quarter. National Pension Service now owns 65,302 shares of the company's stock worth $6,535,000 after buying an additional 12,468 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Coca-Cola Europacific Partners in the second quarter worth $125,000. NewEdge Advisors LLC grew its holdings in shares of Coca-Cola Europacific Partners by 5.6% in the second quarter. NewEdge Advisors LLC now owns 3,720 shares of the company's stock worth $372,000 after acquiring an additional 198 shares during the period. Finally, Groupe la Francaise increased its position in Coca-Cola Europacific Partners by 10.5% during the second quarter. Groupe la Francaise now owns 64,041 shares of the company's stock valued at $6,427,000 after acquiring an additional 6,101 shares during the last quarter. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Company Profile

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Coca-Cola Europacific Partners plc NASDAQ: CCEP is one of the world's largest Coca-Cola bottlers. The company manufactures, distributes, sells and markets a broad portfolio of beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Monster Energy, Costa Coffee and various water, juice and sports-drink brands.

CCEP serves customers across a broad geographic territory spanning Western Europe and the Asia-Pacific region. Its markets include Great Britain, France, Belgium, the Netherlands, Luxembourg, Germany, Spain, Portugal and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.

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