Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives $90.43 Average PT from Brokerages

Key Points

• Coca-Cola Europacific Partners has received an average recommendation of "Moderate Buy" from ten research firms, with one sell, four hold, and four buy ratings.
• Recent target price adjustments include UBS raising it to $105.00 while Morgan Stanley lowered it from overweight to equal weight.
• As of now, 31.35% of Coca-Cola Europacific Partners' stock is owned by institutional investors and hedge funds, reflecting continued interest from large investors.

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong 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 $90.4286.

CCEP has been the topic of several recent analyst reports. Barclays reduced their target price on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Wall Street Zen lowered Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. Morgan Stanley downgraded Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. Finally, UBS Group lifted their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ:CCEP traded down $1.31 during trading hours on Wednesday, hitting $91.19. 1,398,393 shares of the company's stock traded hands, compared to its average volume of 1,923,554. The company's fifty day simple moving average is $94.73 and its two-hundred day simple moving average is $89.48. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83. Coca-Cola Europacific Partners has a 52 week low of $73.40 and a 52 week high of $100.67.

Institutional Trading of Coca-Cola Europacific Partners

Large investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $14,999,000. Townsquare Capital LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 27.4% during the 4th quarter. Townsquare Capital LLC now owns 4,417 shares of the company's stock valued at $339,000 after purchasing an additional 949 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Coca-Cola Europacific Partners by 9.1% during the 4th quarter. First Trust Advisors LP now owns 425,565 shares of the company's stock valued at $32,688,000 after purchasing an additional 35,387 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Coca-Cola Europacific Partners by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company's stock valued at $4,087,000 after acquiring an additional 155 shares during the period. Finally, Norinchukin Bank The increased its position in shares of Coca-Cola Europacific Partners by 8.5% in the 4th quarter. Norinchukin Bank The now owns 4,548 shares of the company's stock valued at $349,000 after acquiring an additional 358 shares during the period. Institutional investors own 31.35% of the company's stock.

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.