Analysts Set Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) PT at $88.50

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

A number of analysts recently weighed in on CCEP shares. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Evercore ISI boosted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Barclays upped their price target on 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. Finally, UBS Group lifted their price objective on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in Coca-Cola Europacific Partners by 107.3% in the 1st quarter. Assetmark Inc. now owns 284 shares of the company's stock worth $25,000 after purchasing an additional 147 shares during the period. NBC Securities Inc. bought a new position in shares of Coca-Cola Europacific Partners during the first quarter worth $28,000. SBI Securities Co. Ltd. bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth $27,000. Cullen Frost Bankers Inc. grew its stake in Coca-Cola Europacific Partners by 204.2% during the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock valued at $32,000 after acquiring an additional 245 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new stake in Coca-Cola Europacific Partners in the 4th quarter worth $29,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock traded down $0.77 during mid-day trading on Monday, hitting $86.62. 1,910,090 shares of the company traded hands, compared to its average volume of 1,725,776. Coca-Cola Europacific Partners has a one year low of $70.82 and a one year high of $91.37. The stock has a fifty day moving average price of $86.62 and a 200-day moving average price of $81.46. The stock has a market cap of $39.93 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 4.89 and a beta of 0.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be issued a $0.8993 dividend. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, May 16th. Coca-Cola Europacific Partners's payout ratio is 16.26%.

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.