Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives Average Rating of “Moderate Buy” from Analysts

Coca-Cola Europacific Partners (NASDAQ:CCEP) has received an average rating of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $100.80.

Several analysts recently commented on the company. Barclays reaffirmed an “overweight” rating and issued a $101.00 price target on shares of Coca-Cola Europacific Partners in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $114.00 target price on shares of Coca-Cola Europacific Partners in a report on Thursday, January 8th. UBS Group cut their price target on shares of Coca-Cola Europacific Partners from $105.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Citigroup reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, January 9th. Finally, Bank of America reaffirmed a “neutral” rating and set a $96.00 price objective (down previously from $102.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, January 14th.

Institutional Trading of Coca-Cola Europacific Partners

Several large investors have recently made changes to their positions in the business. Mather Group LLC. bought a new position in shares of Coca-Cola Europacific Partners in the third quarter valued at about $31,000. First Command Advisory Services Inc. increased its position in Coca-Cola Europacific Partners by 1,800.0% in the 3rd quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock valued at $33,000 after acquiring an additional 342 shares in the last quarter. First Horizon Advisors Inc. increased its position in Coca-Cola Europacific Partners by 61.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $34,000 after acquiring an additional 138 shares in the last quarter. Westerkirk Capital Inc. bought a new position in shares of Coca-Cola Europacific Partners in the second quarter worth about $37,000. Finally, MAI Capital Management lifted its position in shares of Coca-Cola Europacific Partners by 113.4% during the second quarter. MAI Capital Management now owns 414 shares of the company’s stock worth $38,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Down 0.8%

NASDAQ CCEP opened at $89.55 on Friday. Coca-Cola Europacific Partners has a twelve month low of $76.04 and a twelve month high of $100.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The company’s 50-day simple moving average is $90.30 and its 200 day simple moving average is $91.16.

Coca-Cola Europacific Partners Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, December 3rd. Investors of record on Friday, November 14th were issued a dividend of $1.25 per share. This represents a yield of 277.0%. The ex-dividend date of this dividend was Friday, November 14th.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.