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

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Get Free Report) have received an average recommendation of "Moderate Buy" from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $88.50.

A number of brokerages have issued reports on CCEP. Barclays boosted their target price 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. Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. UBS Group boosted 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 report on Wednesday, April 30th. Finally, Evercore ISI lifted their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock traded up $1.29 during trading hours on Friday, hitting $93.31. 1,415,152 shares of the company were exchanged, compared to its average volume of 1,785,432. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $43.01 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 4.89 and a beta of 0.77. The firm has a fifty day simple moving average of $88.38 and a 200 day simple moving average of $82.92. Coca-Cola Europacific Partners has a 52-week low of $71.49 and a 52-week high of $100.20.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were given 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 16.26%.

Institutional Trading of Coca-Cola Europacific Partners

Several hedge funds have recently bought and sold shares of CCEP. Invesco Ltd. lifted its holdings in Coca-Cola Europacific Partners by 2.1% during the first quarter. Invesco Ltd. now owns 10,335,894 shares of the company's stock valued at $899,533,000 after purchasing an additional 215,966 shares in the last quarter. Vanguard Group Inc. increased its stake in Coca-Cola Europacific Partners by 462.7% in the 1st quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company's stock worth $862,167,000 after buying an additional 8,126,996 shares in the last quarter. FMR LLC increased its stake in Coca-Cola Europacific Partners by 3.3% in the 4th quarter. FMR LLC now owns 7,234,642 shares of the company's stock worth $555,693,000 after buying an additional 229,679 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Coca-Cola Europacific Partners by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company's stock valued at $540,050,000 after acquiring an additional 1,214,493 shares during the period. Finally, Amundi boosted its stake in shares of Coca-Cola Europacific Partners by 1.6% in the first quarter. Amundi now owns 3,128,598 shares of the company's stock worth $281,009,000 after acquiring an additional 49,747 shares during the period. Institutional investors own 31.35% of the company's stock.

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.