Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $84.11.

Several research firms have commented on CCEP. UBS Group upped their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Evercore ISI upped their price target on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Barclays lowered their price target 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 Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. Finally, Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 target price on the stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB grew 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 buying an additional 197 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Coca-Cola Europacific Partners by 38.1% in the third 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 during the last quarter. Plato Investment Management Ltd acquired a new position in Coca-Cola Europacific Partners during the third quarter valued at approximately $50,000. Brown Brothers Harriman & Co. lifted its stake in Coca-Cola Europacific Partners by 1,604.0% during the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company's stock worth $67,000 after purchasing an additional 802 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Coca-Cola Europacific Partners by 21.5% in the 3rd quarter. Blue Trust Inc. now owns 1,023 shares of the company's stock valued at $75,000 after purchasing an additional 181 shares during the last quarter. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Down 0.4 %

Shares of NASDAQ CCEP traded down $0.29 during midday trading on Friday, hitting $77.87. 1,451,218 shares of the company's stock were exchanged, compared to its average volume of 1,548,664. Coca-Cola Europacific Partners has a 12 month low of $65.77 and a 12 month high of $82.32. The company's 50 day moving average price is $76.95 and its 200 day moving average price is $77.25. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85.

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.