Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Coca-Cola Europacific Partners has a consensus “Moderate Buy” rating from 11 analysts: seven recommend buying, three advise holding, and one rates it a sell. The average 12-month price target is $108.44 versus the reported share price of $100.31.
• Analyst views have been mixed recently, with Barclays raising its target to $119 and Deutsche Bank reaffirming a buy, while UBS downgraded the stock to neutral and lowered its target to $107.
• Institutional investors and hedge funds own 31.35% of CCEP, with several large investors—including Norges Bank, Janus Henderson and Amundi—recently initiating or expanding positions.

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $108.44.

A number of equities research analysts recently commented on CCEP shares. Barclays increased their price objective on shares of Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. UBS Group cut shares of Coca-Cola Europacific Partners from a "buy" rating to a "neutral" rating and cut their target price for the stock from $109.00 to $107.00 in a research report on Thursday, August 13th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $106.00 price target on shares of Coca-Cola Europacific Partners in a report on Wednesday, August 5th. Weiss Ratings lowered shares of Coca-Cola Europacific Partners from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Wednesday, September 16th.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

A number of institutional investors have recently made changes to their positions in CCEP. Norges Bank acquired a new stake in Coca-Cola Europacific Partners during the fourth quarter worth about $363,294,000. Janus Henderson Group PLC acquired a new position in shares of Coca-Cola Europacific Partners in the 1st quarter valued at about $97,058,000. Amundi lifted its stake in shares of Coca-Cola Europacific Partners by 13.4% in the 1st quarter. Amundi now owns 3,399,052 shares of the company's stock valued at $308,192,000 after purchasing an additional 401,683 shares in the last quarter. Cullen Capital Management LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the 2nd quarter worth about $30,519,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Coca-Cola Europacific Partners by 157.9% during the 1st 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 period. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Up 0.6%

CCEP opened at $100.31 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.68 and a debt-to-equity ratio of 1.20. Coca-Cola Europacific Partners has a one year low of $84.65 and a one year high of $113.67. The business's fifty day moving average is $106.23 and its two-hundred day moving average is $100.16.

About Coca-Cola Europacific Partners

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Coca-Cola Europacific Partners plc NASDAQ: CCEP is a major Coca-Cola bottling partner that manufactures, markets, sells and distributes a broad portfolio of beverages. Its products include Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Powerade, Fuze Tea, smartwater, Costa Coffee and Monster Energy, among other brands.

The company serves customers across a broad geographic territory spanning Europe and the Asia-Pacific region. Its markets include Great Britain, Germany, Spain, Portugal, France, Belgium, the Netherlands, Norway, Sweden, Iceland and Switzerland, as well as Australia, New Zealand, Indonesia and selected Pacific island markets.

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