Weiss Ratings Reaffirms "Buy (B+)" Rating for Coca-Cola Europacific Partners (NASDAQ:CCEP)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B+)" rating for Coca-Cola Europacific Partners (NASDAQ:CCEP), reflecting confidence in the company's performance.
• UBS Group raised its price target for CCEP from $100.00 to $105.00, while the consensus rating for the stock remains a "Hold" with a target price of $92.40.
• Recent institutional activity shows significant investment increases, with GAMMA Investing LLC boosting its stake by 8,438.0% during the first quarter.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report)'s stock had its "buy (b+)" rating reissued by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

CCEP has been the topic of a number of other research reports. UBS Group increased their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Wall Street Zen lowered Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Barclays reduced their price target on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Finally, Morgan Stanley lowered Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research report on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $92.40.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock traded down $0.95 during midday trading on Wednesday, reaching $87.21. 1,973,336 shares of the stock traded hands, compared to its average volume of 1,739,515. The company has a 50-day simple moving average of $90.68 and a two-hundred day simple moving average of $90.77. Coca-Cola Europacific Partners has a 12-month low of $73.40 and a 12-month high of $100.67. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CCEP. GAMMA Investing LLC increased its position in Coca-Cola Europacific Partners by 8,438.0% during the first quarter. GAMMA Investing LLC now owns 44,995 shares of the company's stock worth $3,916,000 after buying an additional 44,468 shares during the period. NBC Securities Inc. purchased a new position in shares of Coca-Cola Europacific Partners in the 1st quarter valued at approximately $28,000. Merit Financial Group LLC purchased a new position in shares of Coca-Cola Europacific Partners in the 1st quarter valued at approximately $206,000. Handelsbanken Fonder AB grew its stake in shares of Coca-Cola Europacific Partners by 13.7% in the 1st quarter. Handelsbanken Fonder AB now owns 152,980 shares of the company's stock valued at $13,314,000 after purchasing an additional 18,492 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its stake in shares of Coca-Cola Europacific Partners by 82.0% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 11,687 shares of the company's stock valued at $1,017,000 after purchasing an additional 5,264 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company's stock.

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.

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