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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Coca-Cola Europacific Partners, with six buy ratings, one strong buy, three holds and one sell among 11 firms. The average 12-month price target is $107.11.
• Recent research was mixed: JPMorgan reaffirmed an underweight rating with a $92 target, while Wells Fargo and Barclays maintained overweight ratings with targets of $115 and $112, respectively.
• CCEP shares opened at $111.87, near their 52-week high of $113.67, while hedge funds and other institutional investors own approximately 31.35% of the company.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven research firms that are covering the firm, Marketbeat Ratings reports. One equities research 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 brokerages that have issued ratings on the stock in the last year is $107.11.

Several equities analysts recently commented on CCEP shares. JPMorgan Chase & Co. reissued an "underweight" rating and set a $92.00 price target on shares of Coca-Cola Europacific Partners in a research report on Friday, September 4th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $106.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Wednesday, August 5th. Wells Fargo & Company dropped their price objective on shares of Coca-Cola Europacific Partners from $120.00 to $115.00 and set an "overweight" rating on the stock in a research note on Monday, October 5th. UBS Group reiterated a "neutral" rating on shares of Coca-Cola Europacific Partners in a research note on Monday, October 5th. Finally, Barclays reduced their target price on shares of Coca-Cola Europacific Partners from $119.00 to $112.00 and set an "overweight" rating on the stock in a research report on Friday.

Coca-Cola Europacific Partners Trading Down 0.5%

Shares of NASDAQ CCEP opened at $111.87 on Tuesday. 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 1-year low of $84.65 and a 1-year high of $113.67. The business has a 50-day moving average of $105.13 and a 200-day moving average of $101.15.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCEP. Bayban purchased a new position in Coca-Cola Europacific Partners in the 4th quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of 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 acquiring an additional 285 shares during the last quarter. Whipplewood Advisors LLC increased 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 acquiring an additional 369 shares during the last quarter. Eastern Bank acquired a new position in shares of Coca-Cola Europacific Partners in the second quarter worth about $49,000. Finally, Axiom Investment Management LLC acquired a new position in shares of Coca-Cola Europacific Partners in the first quarter worth about $72,000. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Company Profile

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Coca-Cola Europacific Partners plc NASDAQ: CCEP is a consumer beverage company and one of the world's largest Coca-Cola bottlers. The company manufactures, distributes and sells a broad portfolio of branded beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Fuze Tea, Powerade, Monster Energy and Costa Coffee products, depending on the market.

CCEP serves customers across Europe and the Asia-Pacific region. Its territories include Great Britain, France, Germany, Spain, Portugal, Belgium, the Netherlands, Norway, Sweden and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.

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