Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) from an overweight rating to a neutral rating in a research report report published on Wednesday, Marketbeat Ratings reports. The brokerage currently has $82.00 price objective on the stock, down from their prior price objective of $85.00.

Other research analysts also recently issued reports about the stock. Barclays lifted their target price on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Evercore ISI lifted their price target on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, BNP Paribas downgraded Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective for the company. in a research note on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.78.

Coca-Cola Europacific Partners Trading Down 0.1 %

Shares of CCEP opened at $77.58 on Wednesday. The business’s 50-day moving average price is $77.52 and its 200 day moving average price is $76.21. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. Coca-Cola Europacific Partners has a 1-year low of $59.31 and a 1-year high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a $1.34 dividend. This is a positive change from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. This represents a yield of 2.6%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Trading of Coca-Cola Europacific Partners

Institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Coca-Cola Europacific Partners in the third quarter worth about $165,000. World Investment Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at approximately $6,975,000. Sanctuary Advisors LLC boosted its position in Coca-Cola Europacific Partners by 5.1% during the third quarter. Sanctuary Advisors LLC now owns 32,190 shares of the company’s stock worth $2,518,000 after purchasing an additional 1,567 shares during the period. Virtu Financial LLC boosted its position in Coca-Cola Europacific Partners by 133.7% during the third quarter. Virtu Financial LLC now owns 15,139 shares of the company’s stock worth $1,192,000 after purchasing an additional 8,661 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Coca-Cola Europacific Partners by 2.9% during the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after purchasing an additional 58,247 shares during 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.