Brokerages Set Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Price Target at $86.88

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have been given an average recommendation of “Moderate Buy” by the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $87.00.

Several research firms have commented on CCEP. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Evercore ISI upped their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Barclays upped their price objective on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, UBS Group boosted their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $86.26 on Friday. The company has a market cap of $39.76 billion, a P/E ratio of 17.75, a P/E/G ratio of 4.89 and a beta of 0.91. The business has a fifty day simple moving average of $82.58 and a 200-day simple moving average of $79.30. Coca-Cola Europacific Partners has a 52 week low of $65.94 and a 52 week high of $88.39. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

Institutional Trading of Coca-Cola Europacific Partners

Several large investors have recently bought and sold shares of the company. World Investment Advisors LLC purchased a new position in shares of Coca-Cola Europacific Partners in the third quarter valued at $6,975,000. Amundi boosted its position in Coca-Cola Europacific Partners by 2.9% in the 4th quarter. Amundi now owns 3,078,851 shares of the company’s stock valued at $233,716,000 after buying an additional 87,675 shares during the last quarter. Transform Wealth LLC grew its stake in shares of Coca-Cola Europacific Partners by 7.7% during the fourth quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock valued at $10,653,000 after acquiring an additional 9,864 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth about $12,075,000. Finally, Geode Capital Management LLC lifted its stake in shares of Coca-Cola Europacific Partners by 2.9% in the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock worth $160,138,000 after acquiring an additional 58,247 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

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.