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

Key Points

• Analysts have a “Moderate Buy” consensus on Coca-Cola Europacific Partners, with seven buy ratings and four holds among 11 analysts. The average 12-month price target is $108.56.
• Recent analyst actions were mixed but generally positive: UBS downgraded the stock to neutral with a $107 target, while Barclays and Wells Fargo raised their targets to $119 and $120, respectively.
• CCEP shares opened at $109.10 and remain near their 52-week high of $113.67. Institutional investors and hedge funds collectively own 31.35% of the company.

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $108.5556.

CCEP has been the subject of a number of recent research reports. UBS Group cut Coca-Cola Europacific Partners from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $109.00 to $107.00 in a research note on Thursday, August 13th. Barclays raised their target price on Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Wells Fargo & Company upped their price target on shares of Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Sanford C. Bernstein reiterated a "market perform" rating and set a $106.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $109.10 on Monday. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $113.67. The firm has a 50 day moving average price of $106.10 and a 200-day moving average price of $100.16. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.68 and a current ratio of 0.89.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

A number of large investors have recently added to or reduced their stakes in the stock. Bayban acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in Coca-Cola Europacific Partners by 407.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company's stock worth $32,000 after purchasing an additional 285 shares during the period. Whipplewood Advisors LLC lifted its position in shares of Coca-Cola Europacific Partners by 1,537.5% during the first quarter. Whipplewood Advisors LLC now owns 393 shares of the company's stock worth $36,000 after purchasing an additional 369 shares in the last quarter. Quarry LP raised its holdings in shares of Coca-Cola Europacific Partners by 59.1% in the fourth quarter. Quarry LP now owns 393 shares of the company's stock valued at $36,000 after buying an additional 146 shares during the last quarter. Finally, 1248 Management LLC acquired a new stake in Coca-Cola Europacific Partners during the 4th quarter worth approximately $38,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

About Coca-Cola Europacific Partners

• Why Chemours Co NYSE: CC Stock is the Recipe for Gains

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.

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