Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives $84.44 Consensus Price Target from Analysts

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $84.44.

CCEP has been the topic of a number of research reports. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday. JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. Citigroup raised Coca-Cola Europacific Partners to a "strong-buy" rating in a research note on Thursday, October 3rd. BNP Paribas cut Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 price target on the stock. in a report on Tuesday, September 10th. Finally, Barclays raised their price objective on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an "overweight" rating in a report on Thursday, November 7th.

Coca-Cola Europacific Partners Stock Down 0.3 %

Shares of Coca-Cola Europacific Partners stock traded down $0.25 during midday trading on Friday, hitting $78.86. 988,995 shares of the company traded hands, compared to its average volume of 1,406,710. The firm's fifty day moving average price is $77.44 and its 200-day moving average price is $76.46. Coca-Cola Europacific Partners has a 12 month low of $63.80 and a 12 month high of $82.32. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

Coca-Cola Europacific Partners Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were issued a $1.34 dividend. This is an increase from Coca-Cola Europacific Partners's previous semi-annual dividend of $0.79. This represents a yield of 2.6%. The ex-dividend date was Friday, November 15th.

Institutional Trading of Coca-Cola Europacific Partners

Several large investors have recently made changes to their positions in CCEP. Whittier Trust Co. of Nevada Inc. lifted its stake in Coca-Cola Europacific Partners by 38.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company's stock valued at $40,000 after acquiring an additional 139 shares in the last quarter. Janney Capital Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 4.4% during the third quarter. Janney Capital Management LLC now owns 3,417 shares of the company's stock valued at $269,000 after purchasing an additional 145 shares in the last quarter. Signaturefd LLC lifted its position in shares of Coca-Cola Europacific Partners by 2.6% during the second quarter. Signaturefd LLC now owns 5,735 shares of the company's stock valued at $418,000 after purchasing an additional 147 shares in the last quarter. CWM LLC boosted its holdings in Coca-Cola Europacific Partners by 14.5% during the third quarter. CWM LLC now owns 1,318 shares of the company's stock worth $104,000 after purchasing an additional 167 shares during the last quarter. Finally, Legacy Financial Advisors Inc. grew its position in Coca-Cola Europacific Partners by 3.8% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 4,605 shares of the company's stock worth $336,000 after purchasing an additional 168 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

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.