Coca-Cola Europacific Partners (NASDAQ:CCEP) Given New $85.00 Price Target at Barclays

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its target price hoisted by Barclays from $82.00 to $85.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently issued reports on CCEP. StockNews.com downgraded Coca-Cola Europacific Partners from a buy rating to a hold rating in a research report on Sunday, May 19th. Bank of America boosted their target price on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a buy rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $77.10.

Coca-Cola Europacific Partners Stock Down 0.6 %

Shares of CCEP opened at $73.20 on Friday. The firm has a market cap of $33.44 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 3.45 and a beta of 0.89. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. The company’s fifty day moving average is $73.74 and its two-hundred day moving average is $71.53. Coca-Cola Europacific Partners has a fifty-two week low of $56.28 and a fifty-two week high of $76.44.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

A number of large investors have recently added to or reduced their stakes in CCEP. FIL Ltd lifted its holdings in Coca-Cola Europacific Partners by 9.6% in the 4th quarter. FIL Ltd now owns 3,629,675 shares of the company’s stock worth $242,245,000 after buying an additional 317,936 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Coca-Cola Europacific Partners by 89.3% in the fourth quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock worth $143,895,000 after acquiring an additional 1,017,278 shares in the last quarter. Fiduciary Management Inc. WI boosted its holdings in Coca-Cola Europacific Partners by 25.8% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,785,320 shares of the company’s stock valued at $119,152,000 after purchasing an additional 365,820 shares during the last quarter. LSV Asset Management grew its stake in Coca-Cola Europacific Partners by 1.6% during the 4th quarter. LSV Asset Management now owns 1,367,801 shares of the company’s stock valued at $91,287,000 after purchasing an additional 21,495 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Coca-Cola Europacific Partners by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,066,631 shares of the company’s stock worth $71,187,000 after purchasing an additional 12,679 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

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.