Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target Raised to $105.00

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) had its price target lifted by equities researchers at UBS Group from $100.00 to $105.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price target suggests a potential upside of 8.29% from the stock's current price.

Several other research analysts have also commented on the company. Wall Street Zen raised Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Barclays raised their target price on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $89.13.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP traded up $3.38 during midday trading on Wednesday, reaching $96.96. 2,593,818 shares of the stock were exchanged, compared to its average volume of 1,811,569. Coca-Cola Europacific Partners has a twelve month low of $71.49 and a twelve month high of $96.55. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.62. The company has a market capitalization of $44.69 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 4.85 and a beta of 0.77. The business's 50-day moving average price is $90.80 and its 200 day moving average price is $84.98.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC lifted its stake in shares of Coca-Cola Europacific Partners by 28.1% in the 4th quarter. LPL Financial LLC now owns 117,700 shares of the company's stock worth $9,041,000 after acquiring an additional 25,840 shares during the period. JPMorgan Chase & Co. lifted its position in Coca-Cola Europacific Partners by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock valued at $221,835,000 after purchasing an additional 872,060 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at about $446,000. Amundi boosted its holdings in Coca-Cola Europacific Partners by 2.9% in the 4th quarter. Amundi now owns 3,078,851 shares of the company's stock valued at $233,716,000 after purchasing an additional 87,675 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd acquired a new position in Coca-Cola Europacific Partners during the 4th quarter worth approximately $12,075,000. 31.35% of the stock is currently owned by hedge funds and other 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.