Coca-Cola Europacific Partners (NASDAQ:CCEP) Sets New 12-Month High at $72.84

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $72.84 and last traded at $72.81, with a volume of 788006 shares trading hands. The stock had previously closed at $71.36.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a "buy" rating in a report on Monday, February 26th. Barclays raised their price target on shares of Coca-Cola Europacific Partners from $75.00 to $78.00 and gave the company an "overweight" rating in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a "buy" rating in a report on Thursday, March 28th. Argus raised their price target on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, March 19th. Finally, StockNews.com raised shares of Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a report on Monday, February 26th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of "Buy" and an average target price of $75.78.

Coca-Cola Europacific Partners Trading Up 2.7 %

The business's 50 day simple moving average is $69.95 and its 200 day simple moving average is $66.33. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) last released its earnings results on Friday, February 23rd. The company reported $1.85 EPS for the quarter, hitting analysts' consensus estimates of $1.85. As a group, analysts expect that Coca-Cola Europacific Partners PLC will post 4.15 earnings per share for the current year.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Friday, May 10th will be issued a $0.79 dividend. This represents a dividend yield of 5.6%. The ex-dividend date is Thursday, May 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. NBC Securities Inc. lifted its stake in Coca-Cola Europacific Partners by 12.9% in the fourth quarter. NBC Securities Inc. now owns 1,326 shares of the company's stock worth $88,000 after acquiring an additional 152 shares during the period. Global Retirement Partners LLC lifted its stake in Coca-Cola Europacific Partners by 24.1% in the fourth quarter. Global Retirement Partners LLC now owns 799 shares of the company's stock worth $54,000 after acquiring an additional 155 shares during the period. New York Life Investment Management LLC lifted its stake in Coca-Cola Europacific Partners by 4.0% in the fourth quarter. New York Life Investment Management LLC now owns 4,096 shares of the company's stock worth $273,000 after acquiring an additional 158 shares during the period. Verdence Capital Advisors LLC lifted its stake in Coca-Cola Europacific Partners by 2.6% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,945 shares of the company's stock worth $597,000 after acquiring an additional 230 shares during the period. Finally, Huntington National Bank lifted its stake in Coca-Cola Europacific Partners by 7.6% in the third quarter. Huntington National Bank now owns 3,319 shares of the company's stock worth $207,000 after acquiring an additional 235 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.