Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Has Consensus Target Price of $110.33

Key Points

• Analysts have a “Moderate Buy” consensus on Coca-Cola Europacific Partners: of 12 analysts, six rate it a buy, one a strong buy, four a hold and one a sell. Their average 1-year price target is $110.33.
• Recent analyst actions include price-target increases from Wells Fargo to $120 and Barclays to $124, while JPMorgan initiated coverage with an underweight rating and a $92 target.
• CCEP shares opened at $118.57, near their 52-week high of $119.09. Institutional investors and hedge funds own 31.35% of the company’s stock.

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twelve analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $110.33.

A number of equities research analysts recently issued reports on CCEP shares. Wells Fargo & Company upped their price objective on shares of Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Wednesday, November 4th. Sanford C. Bernstein reissued a "market perform" rating and set a $110.00 target price on shares of Coca-Cola Europacific Partners in a research report on Wednesday, November 4th. Deutsche Bank restated a "buy" rating and set a $114.00 target price (up from $110.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, September 16th. Barclays boosted their price target on Coca-Cola Europacific Partners from $112.00 to $124.00 and gave the stock an "overweight" rating in a research report on Thursday, November 5th. Finally, JPMorgan Chase & Co. assumed coverage on Coca-Cola Europacific Partners in a research note on Friday, September 4th. They set an "underweight" rating and a $92.00 price target for the company.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC bought a new position in shares of Coca-Cola Europacific Partners in the first quarter valued at approximately $97,058,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Coca-Cola Europacific Partners by 227.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 899,349 shares of the company's stock worth $91,473,000 after purchasing an additional 624,413 shares in the last quarter. Amundi boosted its stake in Coca-Cola Europacific Partners by 13.4% in the first quarter. Amundi now owns 3,399,052 shares of the company's stock worth $308,192,000 after purchasing an additional 401,683 shares in the last quarter. Cullen Capital Management LLC bought a new stake in shares of Coca-Cola Europacific Partners during the second quarter worth $30,519,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Coca-Cola Europacific Partners by 157.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 493,118 shares of the company's stock worth $44,715,000 after purchasing an additional 301,910 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock opened at $118.57 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.89 and a debt-to-equity ratio of 1.20. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $119.09. The stock's 50-day moving average is $107.63 and its two-hundred day moving average is $101.95.

Coca-Cola Europacific Partners Dividend Announcement

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

The company also recently announced a dividend, which will be paid on Thursday, December 3rd. Investors of record on Friday, November 20th will be paid a €1.42 dividend. The ex-dividend date is Friday, November 20th. This represents a yield of 286.0%.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners (CCEP) is a beverage company that manufactures, sells and distributes products under The Coca-Cola Company's brands. Its portfolio includes Coca-Cola, Fanta and Sprite, as well as water, sports drinks, energy drinks, juices and ready-to-drink tea and coffee. CCEP serves customers across markets in Western Europe and the Asia-Pacific region, including Australia, New Zealand and parts of Southeast Asia. The company was formed in 2016 through the combination of Coca-Cola bottling operations in Europe and expanded into the Asia-Pacific region with its 2021 acquisition of Coca-Cola Amatil.

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