Barclays Increases Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target to $78.00

Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) had its price target increased by Barclays from $75.00 to $78.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts also recently issued reports on CCEP. BNP Paribas upgraded Coca-Cola Europacific Partners from a neutral rating to an outperform rating and set a $79.00 price target for the company in a research note on Friday, January 12th. StockNews.com upgraded Coca-Cola Europacific Partners from a hold rating to a buy rating in a research note on Monday, February 26th. Argus boosted their price target on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a buy rating in a research note on Tuesday, March 19th. UBS Group boosted their price target on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a buy rating in a research note on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a buy rating in a research note on Thursday, March 28th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of Buy and an average price target of $75.78.

Coca-Cola Europacific Partners Stock Up 0.7 %

Shares of NASDAQ CCEP traded up $0.52 during midday trading on Monday, hitting $72.02. 879,540 shares of the company's stock were exchanged, compared to its average volume of 1,519,968. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91. Coca-Cola Europacific Partners has a 12 month low of $56.28 and a 12 month high of $72.67. The company's 50 day moving average price is $69.70 and its 200 day moving average price is $65.85.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) last issued its earnings results on Friday, February 23rd. The company reported $1.85 EPS for the quarter, hitting the consensus estimate of $1.85. Equities research analysts predict that Coca-Cola Europacific Partners will post 4.18 earnings per share for the current year.

Coca-Cola Europacific Partners Cuts Dividend

The firm 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 dividend of $0.79 per share. The ex-dividend date is Thursday, May 9th. This represents a dividend yield of 5.6%.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC acquired a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth $28,000. Voisard Asset Management Group Inc. acquired a new position in Coca-Cola Europacific Partners in the 4th quarter worth about $33,000. Benjamin F. Edwards & Company Inc. increased its holdings in Coca-Cola Europacific Partners by 220.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company's stock worth $34,000 after purchasing an additional 352 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Coca-Cola Europacific Partners in the 1st quarter worth about $42,000. Finally, Global Retirement Partners LLC increased its holdings in Coca-Cola Europacific Partners by 24.1% in the 4th quarter. Global Retirement Partners LLC now owns 799 shares of the company's stock worth $54,000 after purchasing an additional 155 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company's stock.

About Coca-Cola Europacific Partners

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.