Wall Street Zen Downgrades Coca-Cola Europacific Partners (NASDAQ:CCEP) to Hold

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

A number of other research analysts have also recently commented on the company. Barclays upped their price target on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. UBS Group upped their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $89.13.

Coca-Cola Europacific Partners Stock Up 3.6%

CCEP opened at $96.96 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The stock has a market cap of $44.69 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 5.00 and a beta of 0.77. Coca-Cola Europacific Partners has a twelve month low of $71.49 and a twelve month high of $96.55. The company's 50-day moving average price is $90.98 and its two-hundred day moving average price is $85.12.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Assetmark Inc. increased its stake in Coca-Cola Europacific Partners by 107.3% in the 1st quarter. Assetmark Inc. now owns 284 shares of the company's stock worth $25,000 after acquiring an additional 147 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $27,000. NBC Securities Inc. purchased a new stake in Coca-Cola Europacific Partners in the first quarter valued at approximately $28,000. Optiver Holding B.V. purchased a new position in Coca-Cola Europacific Partners in the 4th quarter worth approximately $29,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of Coca-Cola Europacific Partners by 204.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock valued at $32,000 after buying an additional 245 shares in the last quarter. Institutional investors 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.

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