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

Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) had its price objective boosted by Barclays from $98.00 to $99.00 in a report published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

CCEP has been the topic of several other research reports. Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 target price on the stock. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Morgan Stanley raised Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. Evercore ISI raised their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, UBS Group upped their price target 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. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $87.00.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP traded up $0.65 during trading hours on Thursday, reaching $86.95. 740,775 shares of the stock traded hands, compared to its average volume of 1,598,066. Coca-Cola Europacific Partners has a 52-week low of $65.94 and a 52-week high of $88.39. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The company has a market cap of $40.08 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. The company's 50-day moving average price is $82.76 and its two-hundred day moving average price is $79.33.

Institutional Trading of Coca-Cola Europacific Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCEP. Invesco Ltd. boosted its position in shares of Coca-Cola Europacific Partners by 26.3% during the fourth 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 period. FMR LLC boosted its holdings in Coca-Cola Europacific Partners by 3.3% during the 4th quarter. FMR LLC now owns 7,234,642 shares of the company's stock valued at $555,693,000 after acquiring an additional 229,679 shares during the period. Amundi boosted its holdings in Coca-Cola Europacific Partners by 2.9% during the 4th quarter. Amundi now owns 3,078,851 shares of the company's stock valued at $233,716,000 after acquiring an additional 87,675 shares during the period. JPMorgan Chase & Co. increased its stake in Coca-Cola Europacific Partners by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock worth $221,835,000 after purchasing an additional 872,060 shares during the period. Finally, Norges Bank bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $190,999,000. 31.35% of the stock is owned by hedge funds and other 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.