Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives $80.88 Consensus Target Price from Analysts

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Get Free Report) has earned an average rating of "Buy" from the nine brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $80.88.

Several equities research analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Coca-Cola Europacific Partners from $85.00 to $84.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. Bank of America raised their price target on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a "buy" rating in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, September 9th. Citigroup raised shares of Coca-Cola Europacific Partners to a "strong-buy" rating in a research note on Thursday, October 3rd. Finally, BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 price target on the stock. in a research note on Tuesday, September 10th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Samlyn Capital LLC increased its position in Coca-Cola Europacific Partners by 23.2% during the 2nd quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company's stock valued at $135,155,000 after purchasing an additional 349,466 shares during the period. Millennium Management LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 7.6% in the 2nd quarter. Millennium Management LLC now owns 1,636,023 shares of the company's stock valued at $119,217,000 after buying an additional 115,604 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Coca-Cola Europacific Partners by 144.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company's stock valued at $87,788,000 after buying an additional 711,121 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Coca-Cola Europacific Partners by 3.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 887,013 shares of the company's stock valued at $64,637,000 after buying an additional 29,181 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter valued at about $47,839,000. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Up 0.5 %

Shares of CCEP traded up $0.42 during midday trading on Thursday, hitting $77.90. The stock had a trading volume of 1,037,864 shares, compared to its average volume of 1,406,193. Coca-Cola Europacific Partners has a 1 year low of $57.48 and a 1 year high of $82.32. The firm has a market cap of $35.58 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 3.54 and a beta of 0.90. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. The stock's 50 day moving average is $78.98 and its 200 day moving average is $74.92.

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.