Barclays Issues Positive Forecast for Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Price

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) had its price target upped by investment analysts at Barclays from $84.00 to $86.00 in a report released on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price target would indicate a potential upside of 11.31% from the company's previous close.

A number of other brokerages have also recently issued reports on CCEP. BNP Paribas cut shares of Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 target price on the stock. in a report on Tuesday, September 10th. Bank of America raised their target price on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a "buy" rating in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, September 9th. Evercore ISI raised their target price on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Citigroup raised shares of Coca-Cola Europacific Partners to a "strong-buy" rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $81.22.

Coca-Cola Europacific Partners Trading Up 1.0 %

Shares of CCEP stock traded up $0.78 during trading hours on Thursday, hitting $77.26. 1,282,803 shares of the company were exchanged, compared to its average volume of 1,395,238. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. Coca-Cola Europacific Partners has a one year low of $59.31 and a one year high of $82.32. The business's 50-day simple moving average is $78.70 and its two-hundred day simple moving average is $75.58.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Samlyn Capital LLC increased its stake in shares of Coca-Cola Europacific Partners by 23.2% during the second quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company's stock valued at $135,155,000 after acquiring an additional 349,466 shares during the period. Millennium Management LLC increased its stake in shares of Coca-Cola Europacific Partners by 7.6% during the second quarter. Millennium Management LLC now owns 1,636,023 shares of the company's stock valued at $119,217,000 after acquiring an additional 115,604 shares during the period. Point72 Asset Management L.P. increased its stake in shares of Coca-Cola Europacific Partners by 144.1% during the second quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company's stock valued at $87,788,000 after acquiring an additional 711,121 shares during the period. Public Sector Pension Investment Board increased its stake in shares of Coca-Cola Europacific Partners by 3.4% during the second quarter. Public Sector Pension Investment Board now owns 887,013 shares of the company's stock valued at $64,637,000 after acquiring an additional 29,181 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Coca-Cola Europacific Partners during the first quarter valued at approximately $47,839,000. Institutional investors and hedge funds own 31.35% of the company's stock.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.