Coca-Cola Europacific Partners (NASDAQ:CCEP) Rating Lowered to Reduce at Kepler Capital Markets

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) was downgraded by equities research analysts at Kepler Capital Markets from a "hold" rating to a "reduce" rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports.

A number of other equities analysts have also issued reports on the company. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 target price on the stock. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. Evercore ISI increased 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 note on Tuesday, February 18th. Barclays dropped their target price on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Finally, 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $85.00.

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Coca-Cola Europacific Partners Stock Up 0.2 %

NASDAQ:CCEP traded up $0.14 on Tuesday, reaching $86.26. The stock had a trading volume of 2,235,891 shares, compared to its average volume of 1,722,823. Coca-Cola Europacific Partners has a 12-month low of $65.94 and a 12-month high of $88.39. The stock has a market cap of $39.76 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average of $79.12 and a 200 day moving average of $78.47.

Institutional Trading of Coca-Cola Europacific Partners

Institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. lifted its position in Coca-Cola Europacific Partners by 26.3% in the 4th quarter. Invesco Ltd. now owns 10,119,928 shares of the company's stock valued at $777,312,000 after purchasing an additional 2,105,019 shares during the last quarter. FMR LLC increased its position in Coca-Cola Europacific Partners by 3.3% in the 4th quarter. FMR LLC now owns 7,234,642 shares of the company's stock valued at $555,693,000 after acquiring an additional 229,679 shares during the period. Amundi raised its stake in Coca-Cola Europacific Partners by 2.9% during the 4th quarter. Amundi now owns 3,078,851 shares of the company's stock valued at $233,716,000 after acquiring an additional 87,675 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Coca-Cola Europacific Partners by 43.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock worth $221,835,000 after acquiring an additional 872,060 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Coca-Cola Europacific Partners by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company's stock worth $217,191,000 after purchasing an additional 32,776 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

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.