Coca-Cola Europacific Partners (NASDAQ:CCEP) Given New $100.00 Price Target at Barclays

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target hoisted by investment analysts at Barclays from $99.00 to $100.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 15.47% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Evercore ISI lifted 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 report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.13.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock opened at $86.60 on Friday. Coca-Cola Europacific Partners has a twelve month low of $65.94 and a twelve month high of $91.29. 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 stock has a fifty day simple moving average of $84.58 and a two-hundred day simple moving average of $79.73. The stock has a market capitalization of $39.92 billion, a price-to-earnings ratio of 17.82, a P/E/G ratio of 4.89 and a beta of 0.73.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CCEP. Invesco Ltd. boosted its stake in Coca-Cola Europacific Partners by 26.3% in the fourth quarter. Invesco Ltd. now owns 10,119,928 shares of the company’s stock valued at $777,312,000 after acquiring an additional 2,105,019 shares in the last quarter. FMR LLC boosted its position in shares of Coca-Cola Europacific Partners by 3.3% in the 4th quarter. FMR LLC now owns 7,234,642 shares of the company’s stock worth $555,693,000 after purchasing an additional 229,679 shares in the last quarter. Amundi grew 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 worth $233,716,000 after buying an additional 87,675 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 buying an additional 872,060 shares during the last quarter. Finally, Norges Bank acquired a new position in Coca-Cola Europacific Partners during the 4th quarter valued at about $190,999,000. Institutional investors 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.