Barclays Cuts Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target to $103.00

Key Points

• Barclays has lowered its target price for Coca-Cola Europacific Partners (NASDAQ:CCEP) from $104.00 to $103.00 while maintaining an "overweight" rating on the stock, indicating a potential upside of 9.31% from the previous close.
• Other analysts have mixed views, with UBS raising their target to $105.00 and issuing a "buy" rating, while Wall Street Zen and Morgan Stanley downgraded their ratings to "hold" and "equal weight" respectively.
• The average rating for CCEP stock is currently "Hold," with a target price of $90.43, reflecting a cautious outlook among analysts.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) had its price target reduced by Barclays from $104.00 to $103.00 in a research report report published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently issued reports on CCEP. Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. UBS Group lifted their price target on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Morgan Stanley downgraded shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of "Hold" and a consensus target price of $90.43.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP traded up $1.54 during trading hours on Friday, reaching $94.76. 1,508,178 shares of the stock traded hands, compared to its average volume of 1,761,471. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.15. Coca-Cola Europacific Partners has a 52-week low of $72.50 and a 52-week high of $100.67. The company's 50-day moving average price is $94.78 and its two-hundred day moving average price is $88.79. The company has a market cap of $43.68 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 2.48 and a beta of 0.75.

Institutional Trading of Coca-Cola Europacific Partners

A number of large investors have recently made changes to their positions in CCEP. TIAA Trust National Association grew its holdings in Coca-Cola Europacific Partners by 3.2% during the 2nd quarter. TIAA Trust National Association now owns 3,345 shares of the company's stock valued at $310,000 after purchasing an additional 103 shares during the last quarter. Private Trust Co. NA grew its holdings in Coca-Cola Europacific Partners by 6.0% during the 1st quarter. Private Trust Co. NA now owns 2,022 shares of the company's stock valued at $176,000 after purchasing an additional 115 shares during the last quarter. BKM Wealth Management LLC grew its holdings in Coca-Cola Europacific Partners by 1.6% during the 1st quarter. BKM Wealth Management LLC now owns 7,834 shares of the company's stock valued at $682,000 after purchasing an additional 124 shares during the last quarter. CWM LLC grew its holdings in Coca-Cola Europacific Partners by 13.3% during the 2nd quarter. CWM LLC now owns 1,136 shares of the company's stock valued at $105,000 after purchasing an additional 133 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in Coca-Cola Europacific Partners by 61.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 363 shares of the company's stock valued at $34,000 after purchasing an additional 138 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.