Coca-Cola Europacific Partners (NASDAQ:CCEP) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) from a hold rating to a buy rating in a research report report published on Friday.

A number of other brokerages also recently weighed in on CCEP. Barclays upped their price target on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. UBS Group upped their price objective on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of "Moderate Buy" and a consensus price target of $88.50.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP traded down $0.17 on Friday, reaching $91.10. The company's stock had a trading volume of 1,897,857 shares, compared to its average volume of 1,799,334. Coca-Cola Europacific Partners has a twelve month low of $71.49 and a twelve month high of $94.74. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.62 and a current ratio of 0.81. The stock has a market cap of $41.99 billion, a PE ratio of 18.74, a PEG ratio of 4.92 and a beta of 0.78. The firm's 50 day moving average is $90.39 and its two-hundred day moving average is $84.55.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, May 27th. Stockholders 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 dividend payout ratio (DPR) is 37.04%.

Institutional Trading of Coca-Cola Europacific Partners

A number of hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its position in shares of Coca-Cola Europacific Partners by 23.9% in the first quarter. Geneos Wealth Management Inc. now owns 808 shares of the company's stock worth $70,000 after purchasing an additional 156 shares in the last quarter. SCS Capital Management LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the first quarter worth approximately $3,159,000. Axiom Investors LLC DE lifted its position in shares of Coca-Cola Europacific Partners by 48.5% in the first quarter. Axiom Investors LLC DE now owns 166,475 shares of the company's stock worth $14,488,000 after purchasing an additional 54,350 shares in the last quarter. United Services Automobile Association acquired a new position in Coca-Cola Europacific Partners in the first quarter worth approximately $605,000. Finally, Goldman Sachs Group Inc. increased its holdings in 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 buying an additional 1,214,493 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

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.