Coca-Cola Europacific Partners (NASDAQ:CCEP) Given New $120.00 Price Target at Wells Fargo & Company

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target increased by equities research analysts at Wells Fargo & Company from $115.00 to $120.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 8.61% from the stock’s current price.

CCEP has been the topic of several other reports. Barclays increased their target price on shares of Coca-Cola Europacific Partners from $108.00 to $114.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Weiss Ratings lowered shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, July 2nd. Finally, UBS Group lifted their target price on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and a consensus target price of $108.50.

Coca-Cola Europacific Partners Stock Up 0.9%

Shares of NASDAQ:CCEP opened at $110.49 on Monday. The firm’s 50 day simple moving average is $101.05 and its 200 day simple moving average is $97.87. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $113.67. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CCEP. Bayban bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in Coca-Cola Europacific Partners by 407.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock valued at $32,000 after acquiring an additional 285 shares in the last quarter. Whipplewood Advisors LLC lifted its position in Coca-Cola Europacific Partners by 1,537.5% in the 1st quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock valued at $36,000 after acquiring an additional 369 shares in the last quarter. Quarry LP boosted its stake in Coca-Cola Europacific Partners by 59.1% in the 4th quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after purchasing an additional 146 shares during the period. Finally, 1248 Management LLC acquired a new position in Coca-Cola Europacific Partners in the 4th quarter worth $38,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

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.