Coca-Cola Europacific Partners (NASDAQ:CCEP) Given Average Recommendation of “Moderate Buy” by Brokerages

Coca-Cola Europacific Partners (NASDAQ:CCEP) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $106.50.

Several equities research analysts have recently issued reports on the company. UBS Group lifted their price target on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company assumed coverage on Coca-Cola Europacific Partners in a report on Friday, June 12th. They set an “overweight” rating and a $110.00 price target for the company. Weiss Ratings lowered Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Finally, Barclays lifted their price target on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, April 30th.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock opened at $96.93 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $110.90. The stock has a 50-day simple moving average of $94.98 and a 200-day simple moving average of $94.75.

Coca-Cola Europacific Partners Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 15th were issued a $0.82 dividend. This represents a yield of 213.0%. The ex-dividend date was Friday, May 15th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fulton Bank N.A. increased its holdings in shares of Coca-Cola Europacific Partners by 3.2% in the first quarter. Fulton Bank N.A. now owns 3,699 shares of the company’s stock worth $335,000 after acquiring an additional 113 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Coca-Cola Europacific Partners by 1.9% in the fourth quarter. Park Avenue Securities LLC now owns 6,373 shares of the company’s stock worth $578,000 after acquiring an additional 119 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of 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 acquiring an additional 119 shares in the last quarter. Howard Capital Management Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Howard Capital Management Inc. now owns 4,451 shares of the company’s stock worth $404,000 after acquiring an additional 125 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its holdings in shares of Coca-Cola Europacific Partners by 5.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,728 shares of the company’s stock worth $247,000 after acquiring an additional 129 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

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.