Coca-Cola Europacific Partners (NASDAQ:CCEP) Sets New 52-Week High - Here's What Happened

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $88.39 and last traded at $87.20, with a volume of 2375979 shares changing hands. The stock had previously closed at $87.29.

Analyst Ratings Changes

CCEP has been the topic of a number of recent analyst reports. Barclays lowered their target price on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday. Evercore ISI boosted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Finally, UBS Group raised their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and an average target price of $85.00.

Coca-Cola Europacific Partners Trading Up 0.2 %

The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The business's 50-day moving average is $79.12 and its 200 day moving average is $78.47. The firm has a market capitalization of $39.76 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91.

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Institutional Trading of Coca-Cola Europacific Partners

Several large investors have recently modified their holdings of CCEP. SBI Securities Co. Ltd. acquired a new stake in Coca-Cola Europacific Partners during the fourth quarter worth about $27,000. Optiver Holding B.V. acquired a new position in Coca-Cola Europacific Partners during the fourth quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB lifted its stake in Coca-Cola Europacific Partners by 85.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock worth $33,000 after purchasing an additional 197 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $34,000. Finally, Plato Investment Management Ltd bought a new position in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at $50,000. 31.35% of the stock is owned by institutional investors and hedge funds.

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.