Analysts Set Coca-Cola Europacific Partners (NASDAQ:CCEP) PT at $108.22

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $108.5556.

Several brokerages have issued reports on CCEP. Barclays increased their target price on shares of Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Weiss Ratings downgraded shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Wells Fargo & Company lifted their price objective on shares of Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Sanford C. Bernstein reissued a “market perform” rating and issued a $106.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Wednesday, August 5th. Finally, UBS Group set a $107.00 target price on Coca-Cola Europacific Partners in a report on Thursday.

Coca-Cola Europacific Partners Stock Up 0.5%

CCEP opened at $107.08 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.68 and a current ratio of 0.89. The stock’s fifty day moving average is $103.46 and its two-hundred day moving average is $98.89. Coca-Cola Europacific Partners has a 52 week low of $84.65 and a 52 week high of $113.67.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

A number of hedge funds have recently made changes to their positions in CCEP. Fulton Bank N.A. lifted its position in Coca-Cola Europacific Partners by 3.2% during the first quarter. Fulton Bank N.A. now owns 3,699 shares of the company’s stock valued at $335,000 after acquiring an additional 113 shares during the last quarter. Parallel Advisors LLC grew its holdings in Coca-Cola Europacific Partners by 3.7% in the first quarter. Parallel Advisors LLC now owns 3,341 shares of the company’s stock worth $303,000 after purchasing an additional 119 shares during the last quarter. Howard Capital Management Inc. increased its position in shares of Coca-Cola Europacific Partners by 2.9% during the fourth quarter. Howard Capital Management Inc. now owns 4,451 shares of the company’s stock worth $404,000 after purchasing an additional 125 shares in the last quarter. Aaron Wealth Advisors LLC increased its position in shares of Coca-Cola Europacific Partners by 5.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,728 shares of the company’s stock worth $247,000 after purchasing an additional 129 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 11.1% during the 4th quarter. CWM LLC now owns 1,370 shares of the company’s stock valued at $124,000 after purchasing an additional 137 shares during the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

About Coca-Cola Europacific Partners

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.