Coca-Cola Europacific Partners (NASDAQ:CCEP) Given Average Recommendation of "Moderate Buy" by Analysts

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $88.50.

Several equities research analysts have weighed in on the stock. Barclays raised their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Finally, UBS Group increased their price objective on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th.

Coca-Cola Europacific Partners Price Performance

CCEP traded up $0.56 during trading on Tuesday, hitting $93.73. The company's stock had a trading volume of 293,507 shares, compared to its average volume of 2,216,440. The firm's 50 day moving average price is $90.53 and its two-hundred day moving average price is $84.79. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $43.20 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 4.84 and a beta of 0.77. Coca-Cola Europacific Partners has a 12 month low of $71.49 and a 12 month high of $94.74.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were issued a dividend of $0.8993 per share. This represents a yield of 2.4%. The ex-dividend date was Friday, May 16th.

Institutional Trading of Coca-Cola Europacific Partners

A number of institutional investors and hedge funds have recently modified their holdings of CCEP. Private Trust Co. NA increased its stake in Coca-Cola Europacific Partners by 6.0% in the first quarter. Private Trust Co. NA now owns 2,022 shares of the company's stock valued at $176,000 after purchasing an additional 115 shares in the last quarter. BKM Wealth Management LLC grew its holdings in shares of Coca-Cola Europacific Partners by 1.6% in the 1st quarter. BKM Wealth Management LLC now owns 7,834 shares of the company's stock valued at $682,000 after buying an additional 124 shares during the period. Cibc World Markets Corp increased its position in shares of Coca-Cola Europacific Partners by 1.4% in the 4th quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock valued at $783,000 after buying an additional 139 shares in the last quarter. TIAA Trust National Association raised its stake in Coca-Cola Europacific Partners by 4.4% during the 4th quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock worth $263,000 after buying an additional 145 shares during the period. Finally, Assetmark Inc. lifted its holdings in Coca-Cola Europacific Partners by 107.3% during the first quarter. Assetmark Inc. now owns 284 shares of the company's stock worth $25,000 after acquiring an additional 147 shares in the last quarter. 31.35% of the stock is 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.