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

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Get Free Report) has received an average rating of "Moderate Buy" from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $84.44.

Several brokerages have issued reports on CCEP. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft increased their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, September 9th. JPMorgan Chase & Co. downgraded shares of 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. UBS Group increased 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. Finally, Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 price target for the company.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. raised 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 purchasing an additional 139 shares in the last quarter. Plato Investment Management Ltd bought a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter worth approximately $50,000. Brown Brothers Harriman & Co. boosted its position in shares of Coca-Cola Europacific Partners by 1,604.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company's stock worth $67,000 after acquiring an additional 802 shares in the last quarter. Blue Trust Inc. increased its stake in Coca-Cola Europacific Partners by 21.5% in the third quarter. Blue Trust Inc. now owns 1,023 shares of the company's stock valued at $75,000 after acquiring an additional 181 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Coca-Cola Europacific Partners during the second quarter valued at approximately $81,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Up 0.2 %

NASDAQ CCEP traded up $0.15 during trading on Tuesday, hitting $75.84. The stock had a trading volume of 1,350,630 shares, compared to its average volume of 991,208. The company has a market capitalization of $34.96 billion, a PE ratio of 16.93, a P/E/G ratio of 3.85 and a beta of 0.90. Coca-Cola Europacific Partners has a 12 month low of $64.73 and a 12 month high of $82.32. The company's 50-day moving average price is $77.04 and its two-hundred day moving average price is $76.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85.

Coca-Cola Europacific Partners Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were paid a $1.34 dividend. This is a boost from Coca-Cola Europacific Partners's previous semi-annual dividend of $0.79. This represents a dividend yield of 2.6%. The ex-dividend date was Friday, November 15th. Coca-Cola Europacific Partners's payout ratio is 35.27%.

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.