Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Coca-Cola Europacific Partners has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month target price of $92.40.
• Recent analyst activity includes downgrades and target price adjustments, with Barclays lowering its target price to $103.00 and UBS increasing its goal to $105.00.
• Institutional investors have increased their holdings, with notable raises from TIAA Trust National Association and CWM LLC, contributing to their overall ownership of 31.35% of the stock.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $92.40.

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Barclays decreased their target price on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. UBS Group upped their price objective 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. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Finally, Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research report on Thursday, August 7th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

A number of hedge funds have recently modified their holdings of the business. TIAA Trust National Association raised its stake in Coca-Cola Europacific Partners by 3.2% during the 2nd quarter. TIAA Trust National Association now owns 3,345 shares of the company's stock worth $310,000 after acquiring an additional 103 shares during the period. Private Trust Co. NA increased its stake in shares of 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 worth $176,000 after purchasing an additional 115 shares in the last quarter. Choreo LLC lifted its stake in shares of Coca-Cola Europacific Partners by 4.5% during the 2nd quarter. Choreo LLC now owns 2,733 shares of the company's stock valued at $253,000 after buying an additional 118 shares in the last quarter. BKM Wealth Management LLC boosted its holdings in 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 worth $682,000 after buying an additional 124 shares during the period. Finally, CWM LLC raised its holdings in Coca-Cola Europacific Partners by 13.3% during the second quarter. CWM LLC now owns 1,136 shares of the company's stock valued at $105,000 after acquiring an additional 133 shares during the period. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Down 0.4%

NASDAQ CCEP opened at $89.71 on Friday. The stock's 50 day moving average is $93.40 and its 200 day moving average is $90.22. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $41.35 billion, a PE ratio of 18.46, a P/E/G ratio of 2.62 and a beta of 0.78. Coca-Cola Europacific Partners has a twelve month low of $73.40 and a twelve month high of $100.67.

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.

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