Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives $87.13 Consensus PT from Brokerages

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have assigned 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 ratings on the stock in the last year is $87.13.

Several brokerages have recently weighed in on CCEP. Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Evercore ISI increased their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Several hedge funds and other institutional investors have recently modified their holdings of the business. MML Investors Services LLC lifted its stake in Coca-Cola Europacific Partners by 6.4% in the 3rd quarter. MML Investors Services LLC now owns 6,390 shares of the company's stock valued at $503,000 after purchasing an additional 384 shares during the last quarter. Virtu Financial LLC increased its stake in shares of Coca-Cola Europacific Partners by 133.7% in the 3rd quarter. Virtu Financial LLC now owns 15,139 shares of the company's stock valued at $1,192,000 after acquiring an additional 8,661 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Coca-Cola Europacific Partners by 5.1% during the third quarter. Sanctuary Advisors LLC now owns 32,190 shares of the company's stock valued at $2,518,000 after purchasing an additional 1,567 shares during the period. World Investment Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter worth about $6,975,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Coca-Cola Europacific Partners in the 3rd quarter valued at about $165,000. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Up 1.6 %

Shares of CCEP stock traded up $1.41 during trading hours on Thursday, hitting $89.31. 1,472,082 shares of the company were exchanged, compared to its average volume of 1,699,619. The company has a market capitalization of $41.17 billion, a PE ratio of 18.38, a PEG ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners has a 52 week low of $66.57 and a 52 week high of $91.29. The business has a 50 day moving average of $85.41 and a two-hundred day moving average of $80.06. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

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.