Brokerages Set Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Target Price at $86.88

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eleven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $86.88.

Several analysts have weighed in on the company. 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. Barclays raised their target price on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Evercore ISI raised their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, 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.

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Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock traded up $0.37 during trading on Friday, hitting $84.16. The stock had a trading volume of 1,349,154 shares, compared to its average volume of 1,466,398. The firm has a market cap of $38.79 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners has a 12 month low of $65.94 and a 12 month high of $88.39. The business's 50-day moving average is $82.00 and its 200 day moving average is $79.18. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pathstone Holdings LLC grew its position in Coca-Cola Europacific Partners by 1.6% during the 3rd quarter. Pathstone Holdings LLC now owns 47,473 shares of the company's stock worth $3,738,000 after acquiring an additional 756 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 6.0% in the third quarter. PNC Financial Services Group Inc. now owns 14,394 shares of the company's stock worth $1,134,000 after purchasing an additional 815 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Coca-Cola Europacific Partners in the third quarter worth $482,000. Massachusetts Financial Services Co. MA raised its holdings in Coca-Cola Europacific Partners by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company's stock valued at $217,191,000 after buying an additional 32,776 shares during the last quarter. Finally, Citigroup Inc. boosted its position in Coca-Cola Europacific Partners by 9.8% during the 3rd quarter. Citigroup Inc. now owns 630,779 shares of the company's stock valued at $49,674,000 after buying an additional 56,551 shares during the period. 31.35% of the stock is owned by 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.