Coca-Cola Europacific Partners (NASDAQ:CCEP) Sets New 1-Year High - Still a Buy?

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $91.09 and last traded at $90.37, with a volume of 831863 shares changing hands. The stock had previously closed at $87.41.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CCEP shares. Evercore ISI boosted their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. UBS Group boosted their price objective on 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. Barclays upped their price objective on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Finally, Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $87.00.

Coca-Cola Europacific Partners Trading Up 0.3 %

The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The stock has a fifty day moving average of $83.87 and a 200-day moving average of $79.55. The company has a market cap of $38.38 billion, a PE ratio of 17.14, a PEG ratio of 4.89 and a beta of 0.73.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CCEP. SBI Securities Co. Ltd. bought a new position in Coca-Cola Europacific Partners in the 4th quarter worth about $27,000. Optiver Holding B.V. purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB grew its stake in Coca-Cola Europacific Partners by 85.3% in 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 in the last quarter. Summit Securities Group LLC bought a new position in Coca-Cola Europacific Partners in the fourth quarter worth approximately $34,000. Finally, Whipplewood Advisors LLC purchased a new position in Coca-Cola Europacific Partners during the 4th quarter worth $52,000. 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.