Coca-Cola Europacific Partners (NASDAQ:CCEP) Hits New 52-Week High - What's Next?

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $92.94 and last traded at $92.90, with a volume of 297232 shares changing hands. The stock had previously closed at $92.02.

Analysts Set New Price Targets

Several research analysts recently weighed in on CCEP shares. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. UBS Group boosted their price target on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Evercore ISI boosted their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Finally, Barclays boosted their price target on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of "Moderate Buy" and an average target price of $88.50.

Coca-Cola Europacific Partners Trading Down 1.3%

The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The stock has a market capitalization of $42.43 billion, a PE ratio of 18.94, a PEG ratio of 4.89 and a beta of 0.78. The stock's 50 day simple moving average is $88.50 and its two-hundred day simple moving average is $83.12.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were paid a dividend of $0.8993 per share. 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 16.26%.

Institutional Trading of Coca-Cola Europacific Partners

A number of institutional investors have recently modified their holdings of the business. Assetmark Inc. lifted its holdings 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 in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter worth about $27,000. NBC Securities Inc. purchased a new stake in Coca-Cola Europacific Partners during the 1st quarter worth about $28,000. Optiver Holding B.V. purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter worth about $29,000. Finally, Cullen Frost Bankers Inc. lifted its stake 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 worth $32,000 after purchasing an additional 245 shares in the last quarter. 31.35% of the stock is currently 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.