Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives $99.33 Average Target Price from Analysts

Coca-Cola Europacific Partners (NASDAQ:CCEP) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $99.3333.

CCEP has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, November 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, October 30th.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP opened at $91.53 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. The firm’s fifty day moving average price is $90.76 and its two-hundred day moving average price is $91.68. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67.

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 paid a $1.25 dividend. This represents a yield of 277.0%. The ex-dividend date was Friday, November 14th.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Several institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. lifted its stake in shares of Coca-Cola Europacific Partners by 31.6% during the 3rd quarter. Invesco Ltd. now owns 15,610,379 shares of the company’s stock worth $1,411,334,000 after buying an additional 3,751,430 shares during the last quarter. Vanguard Group Inc. raised its holdings in Coca-Cola Europacific Partners by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,960,110 shares of the company’s stock valued at $994,598,000 after acquiring an additional 278,083 shares during the period. Boston Partners lifted its position in Coca-Cola Europacific Partners by 2.6% during the third quarter. Boston Partners now owns 6,266,512 shares of the company’s stock worth $566,051,000 after acquiring an additional 156,613 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company’s stock worth $540,050,000 after acquiring an additional 1,214,493 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Coca-Cola Europacific Partners by 138.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,835,583 shares of the company’s stock valued at $527,595,000 after purchasing an additional 3,392,680 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

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.