Coca-Cola Europacific Partners (NASDAQ:CCEP) Given New $98.00 Price Target at Barclays

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) had its price objective raised by stock analysts at Barclays from $92.00 to $98.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's target price indicates a potential upside of 18.93% from the stock's current price.

CCEP has been the subject of a number of other research reports. UBS Group upped their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 price target for the company. Evercore ISI increased their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $86.67.

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Coca-Cola Europacific Partners Price Performance

CCEP stock traded down $2.05 during midday trading on Thursday, reaching $82.40. The company had a trading volume of 4,142,259 shares, compared to its average volume of 1,362,110. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. Coca-Cola Europacific Partners has a 1 year low of $65.94 and a 1 year high of $88.39. The company has a market capitalization of $37.98 billion, a P/E ratio of 16.95, a P/E/G ratio of 4.89 and a beta of 0.91. The firm has a 50-day moving average price of $80.20 and a 200-day moving average price of $78.87.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Siemens Fonds Invest GmbH increased its stake in shares of Coca-Cola Europacific Partners by 79.1% in the 4th quarter. Siemens Fonds Invest GmbH now owns 16,226 shares of the company's stock worth $1,246,000 after acquiring an additional 7,165 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth about $4,857,000. Mackenzie Financial Corp increased its stake in shares of Coca-Cola Europacific Partners by 10.4% in the 4th quarter. Mackenzie Financial Corp now owns 270,162 shares of the company's stock worth $20,751,000 after acquiring an additional 25,560 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth about $6,702,000. Finally, Parr Mcknight Wealth Management Group LLC bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth about $3,286,000. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Company Profile

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.