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

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $89.13.

Several research analysts have weighed in on the stock. UBS Group upped their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday. Wall Street Zen raised shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research report on Friday, June 27th. Finally, Barclays upped their target price on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $96.96 on Tuesday. The business has a 50-day simple moving average of $90.80 and a 200 day simple moving average of $84.98. Coca-Cola Europacific Partners has a one year low of $71.49 and a one year high of $96.55. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.62. The firm has a market capitalization of $44.69 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 4.85 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were given a $0.8993 dividend. This represents a yield of 2.4%. The ex-dividend date of this dividend was Friday, May 16th.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Several hedge funds have recently modified their holdings of CCEP. Assetmark Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 107.3% in the first quarter. Assetmark Inc. now owns 284 shares of the company’s stock valued at $25,000 after acquiring an additional 147 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Coca-Cola Europacific Partners in the fourth quarter worth $27,000. NBC Securities Inc. bought a new position in Coca-Cola Europacific Partners in the 1st quarter valued at $28,000. Optiver Holding B.V. purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth about $29,000. Finally, Cullen Frost Bankers Inc. grew its position in Coca-Cola Europacific Partners by 204.2% during the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock valued at $32,000 after buying an additional 245 shares during the period. 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.