Evercore ISI 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 increased by investment analysts at Evercore ISI from $82.00 to $90.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Evercore ISI's target price would suggest a potential upside of 3.10% from the stock's current price.

CCEP has been the subject of a number of other research reports. UBS Group boosted their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Barclays cut their price target on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. Finally, Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 price target for the company. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $85.00.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP traded up $0.74 during mid-day trading on Tuesday, hitting $87.29. 1,774,425 shares of the stock traded hands, compared to its average volume of 1,646,748. The business's 50-day moving average price is $78.29 and its 200 day moving average price is $78.10. Coca-Cola Europacific Partners has a 12-month low of $65.94 and a 12-month high of $87.59. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

A number of hedge funds have recently made changes to their positions in CCEP. Norges Bank bought a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $190,999,000. Invesco Ltd. raised its holdings in Coca-Cola Europacific Partners by 26.3% during the 4th quarter. Invesco Ltd. now owns 10,119,928 shares of the company's stock valued at $777,312,000 after buying an additional 2,105,019 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Coca-Cola Europacific Partners by 307.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company's stock valued at $191,984,000 after buying an additional 1,839,321 shares during the last quarter. Barclays PLC raised its holdings in Coca-Cola Europacific Partners by 236.4% during the 4th quarter. Barclays PLC now owns 1,804,855 shares of the company's stock valued at $138,631,000 after buying an additional 1,268,401 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Coca-Cola Europacific Partners by 43.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock valued at $221,835,000 after buying an additional 872,060 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

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.