Coca-Cola Europacific Partners (NASDAQ:CCEP) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts have a consensus recommendation of Moderate Buy on CCEP (7 buy, 3 hold) with an average 12‑month price target of $107.71 and several firms (Goldman, Barclays, Deutsche Bank, Evercore) recently raising targets into the low $110s.
• Institutional investors have been adding large positions—Truist, Invesco, Norges Bank, MFS and Bessemer notably increased stakes—leaving about 31.35% of the stock owned by hedge funds and other institutions.
• CCEP is trading around $100 (50‑day MA $95.58, 200‑day MA $91.97) near a 12‑month high of $110.90, while liquidity ratios are under 1 and debt‑to‑equity is ~1.23, indicating moderate leverage.

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the ten analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $107.7143.

A number of research analysts recently commented on CCEP shares. Evercore reaffirmed an "outperform" rating and set a $112.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. Bank of America reiterated a "neutral" rating and issued a $96.00 target price (down from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $114.00 target price on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. Barclays boosted their price target on shares of Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the company an "overweight" rating in a report on Thursday, February 19th. Finally, The Goldman Sachs Group increased their price objective on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, February 18th.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP opened at $100.22 on Friday. The firm's 50 day moving average price is $95.58 and its two-hundred day moving average price is $91.97. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a twelve month low of $80.70 and a twelve month high of $110.90.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Hedge funds and other institutional investors have recently made changes to their positions in the company. Truist Financial Corp grew its stake in shares of Coca-Cola Europacific Partners by 10,480.7% in the 3rd quarter. Truist Financial Corp now owns 4,756,043 shares of the company's stock valued at $429,994,000 after buying an additional 4,711,093 shares in the last quarter. Norges Bank bought a new position in Coca-Cola Europacific Partners during the second quarter valued at approximately $381,335,000. Invesco Ltd. lifted its stake in Coca-Cola Europacific Partners by 31.6% in the third quarter. Invesco Ltd. now owns 15,610,379 shares of the company's stock valued at $1,411,334,000 after acquiring an additional 3,751,430 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Coca-Cola Europacific Partners by 138.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,835,583 shares of the company's stock worth $527,595,000 after acquiring an additional 3,392,680 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in Coca-Cola Europacific Partners by 12,873.0% in the third quarter. Bessemer Group Inc. now owns 2,537,646 shares of the company's stock worth $229,428,000 after acquiring an additional 2,518,085 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

About Coca-Cola Europacific Partners

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.