Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives $88.50 Consensus Price Target from Brokerages

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $88.50.

CCEP has been the topic of a number of recent research reports. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. UBS Group raised their price objective on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Evercore ISI raised their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, Barclays raised their target price on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Thursday, May 1st.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $86.62 on Monday. Coca-Cola Europacific Partners has a 12-month low of $70.82 and a 12-month high of $91.37. The business’s fifty day moving average is $86.70 and its 200 day moving average is $81.49. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The stock has a market cap of $39.93 billion, a P/E ratio of 17.82, a P/E/G ratio of 4.89 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be paid a $0.8993 dividend. This represents a yield of 2.4%. The ex-dividend date is Friday, May 16th. Coca-Cola Europacific Partners’s payout ratio is 16.26%.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Several institutional investors and hedge funds have recently bought and sold shares of CCEP. Private Trust Co. NA grew its stake in shares of Coca-Cola Europacific Partners by 6.0% during the 1st quarter. Private Trust Co. NA now owns 2,022 shares of the company’s stock worth $176,000 after acquiring an additional 115 shares during the period. BKM Wealth Management LLC boosted its position in Coca-Cola Europacific Partners by 1.6% during the first quarter. BKM Wealth Management LLC now owns 7,834 shares of the company’s stock worth $682,000 after purchasing an additional 124 shares during the period. Cibc World Markets Corp boosted its position in Coca-Cola Europacific Partners by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company’s stock worth $783,000 after purchasing an additional 139 shares during the period. TIAA Trust National Association boosted its position in Coca-Cola Europacific Partners by 4.4% during the fourth quarter. TIAA Trust National Association now owns 3,420 shares of the company’s stock worth $263,000 after purchasing an additional 145 shares during the period. Finally, Assetmark Inc. boosted its holdings in Coca-Cola Europacific Partners by 107.3% in the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock worth $25,000 after buying an additional 147 shares during the period. 31.35% of the stock is owned by institutional investors.

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.