Coca-Cola Europacific Partners (NASDAQ:CCEP) Downgraded by StockNews.com

StockNews.com lowered shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) from a buy rating to a hold rating in a research report report published on Sunday.

A number of other equities research analysts also recently commented on CCEP. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a buy rating in a research report on Thursday, March 28th. Barclays upped their target price on shares of Coca-Cola Europacific Partners from $78.00 to $84.00 and gave the company an overweight rating in a report on Tuesday, May 14th. Argus upped their target price 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, UBS Group upped their target price 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. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $76.44.

Coca-Cola Europacific Partners Stock Down 0.5 %

CCEP traded down $0.41 during trading hours on Friday, hitting $74.51. 787,396 shares of the company's stock were exchanged, compared to its average volume of 1,269,270. Coca-Cola Europacific Partners has a 12-month low of $56.28 and a 12-month high of $75.43. The firm has a 50 day moving average of $70.75 and a 200 day moving average of $67.33. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) last announced its quarterly earnings data on Friday, February 23rd. The company reported $1.85 EPS for the quarter, meeting analysts' consensus estimates of $1.85. Analysts expect that Coca-Cola Europacific Partners will post 4.15 EPS for the current fiscal year.

Coca-Cola Europacific Partners Cuts Dividend

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

Institutional Trading of Coca-Cola Europacific Partners

A number of large investors have recently bought and sold shares of the business. New Covenant Trust Company N.A. acquired a new stake in Coca-Cola Europacific Partners during the 1st quarter worth $36,000. iA Global Asset Management Inc. boosted its stake in Coca-Cola Europacific Partners by 4.5% during the 1st quarter. iA Global Asset Management Inc. now owns 42,921 shares of the company's stock worth $3,002,000 after purchasing an additional 1,839 shares during the period. California State Teachers Retirement System boosted its stake in Coca-Cola Europacific Partners by 13.5% during the 1st quarter. California State Teachers Retirement System now owns 221,119 shares of the company's stock worth $15,467,000 after purchasing an additional 26,217 shares during the period. Dynasty Wealth Management LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter worth $579,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Coca-Cola Europacific Partners in the first quarter valued at about $8,663,000. 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.