Coca-Cola Europacific Partners (NASDAQ:CCEP) Earns Overweight Rating from Barclays

Barclays restated their overweight rating on shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in a research note released on Tuesday, Marketbeat reports. They currently have a $104.00 price target on the stock, up from their prior price target of $101.00.

Several other brokerages have also recently weighed in on CCEP. UBS Group upped their price target 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. Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $90.57.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock traded up $0.71 during midday trading on Tuesday, reaching $96.84. The stock had a trading volume of 1,178,208 shares, compared to its average volume of 1,830,429. Coca-Cola Europacific Partners has a 12 month low of $71.49 and a 12 month high of $97.69. The firm's 50-day moving average price is $92.02 and its 200 day moving average price is $86.34. The firm has a market capitalization of $44.64 billion, a PE ratio of 19.93, a P/E/G ratio of 4.83 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. grew its position in Coca-Cola Europacific Partners by 2.1% during the first quarter. Invesco Ltd. now owns 10,335,894 shares of the company's stock valued at $899,533,000 after acquiring an additional 215,966 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 462.7% in the first quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company's stock worth $862,167,000 after purchasing an additional 8,126,996 shares during the last quarter. FMR LLC grew its holdings in shares of Coca-Cola Europacific Partners by 3.3% in the fourth quarter. FMR LLC now owns 7,234,642 shares of the company's stock worth $555,693,000 after purchasing an additional 229,679 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 24.3% in the first quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company's stock worth $540,050,000 after purchasing an additional 1,214,493 shares during the last quarter. Finally, Amundi grew its holdings in shares of Coca-Cola Europacific Partners by 1.6% in the first quarter. Amundi now owns 3,128,598 shares of the company's stock worth $281,009,000 after purchasing an additional 49,747 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

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.