Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives $90.57 Consensus Target Price from Analysts

Key Points

• Coca-Cola Europacific Partners (NASDAQ:CCEP) has received an average recommendation of "Moderate Buy" from analysts, with one sell rating, three hold ratings, five buy ratings, and one strong buy rating.
• Barclays and UBS Group have recently increased their price targets for CCEP, with Barclays setting a target of $104.00 and UBS raising it to $105.00.
• The company recently disclosed a semi-annual dividend payment, yielding 2.4%, with a dividend of $0.8993 paid to shareholders on May 27th.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $90.57.

Several equities research analysts have recently issued reports on the company. Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. UBS Group boosted their price objective on 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, Barclays reiterated an "overweight" rating and issued a $104.00 price target (up previously from $101.00) on shares of Coca-Cola Europacific Partners in a report on Tuesday, July 15th.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP traded down $0.13 during trading hours on Friday, reaching $100.04. The company's stock had a trading volume of 1,501,669 shares, compared to its average volume of 1,624,024. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm's 50-day moving average price is $93.35 and its 200-day moving average price is $87.27. Coca-Cola Europacific Partners has a 1 year low of $71.49 and a 1 year high of $100.67. The company has a market capitalization of $46.11 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 5.07 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were given a $0.8993 dividend. This represents a dividend yield of 2.4%. The ex-dividend date was Friday, May 16th. Coca-Cola Europacific Partners's payout ratio is currently 37.04%.

Institutional Trading of Coca-Cola Europacific Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in Coca-Cola Europacific Partners by 107.3% during the 1st quarter. Assetmark Inc. now owns 284 shares of the company's stock worth $25,000 after purchasing an additional 147 shares during the period. NBC Securities Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the first quarter worth approximately $28,000. Optiver Holding B.V. acquired a new position in Coca-Cola Europacific Partners during the fourth quarter worth about $29,000. Cullen Frost Bankers Inc. raised its holdings in Coca-Cola Europacific Partners by 204.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock valued at $32,000 after acquiring an additional 245 shares during the last quarter. Finally, HM Payson & Co. acquired a new position in shares of Coca-Cola Europacific Partners during the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 31.35% of the company's stock.

About Coca-Cola Europacific Partners

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.