Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target Raised to $78.00

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price objective upped by Barclays from $75.00 to $78.00 in a research note published on Monday, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also recently commented on the company. UBS Group lifted their target price on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a buy rating in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a buy rating in a report on Thursday, March 28th. StockNews.com upgraded Coca-Cola Europacific Partners from a hold rating to a buy rating in a report on Monday, February 26th. Argus upped their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a buy rating in a research report on Tuesday, March 19th. Finally, BNP Paribas raised Coca-Cola Europacific Partners from a neutral rating to an outperform rating and set a $79.00 target price on the stock in a research report on Friday, January 12th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $75.78.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $71.59 on Monday. Coca-Cola Europacific Partners has a 12 month low of $56.28 and a 12 month high of $72.67. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72. The company’s 50 day moving average is $69.84 and its 200-day moving average is $65.99.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last announced its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.85. On average, equities research analysts predict that Coca-Cola Europacific Partners will post 4.18 earnings per share for the current year.

Coca-Cola Europacific Partners Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Friday, May 10th will be given a dividend of $0.79 per share. This represents a yield of 5.6%. The ex-dividend date is Thursday, May 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CCEP. GAMMA Investing LLC bought a new position in Coca-Cola Europacific Partners during the fourth quarter worth about $28,000. Voisard Asset Management Group Inc. bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $33,000. Benjamin F. Edwards & Company Inc. raised its stake in Coca-Cola Europacific Partners by 220.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock valued at $34,000 after acquiring an additional 352 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in Coca-Cola Europacific Partners in the 1st quarter valued at $42,000. Finally, Global Retirement Partners LLC lifted its holdings in Coca-Cola Europacific Partners by 24.1% during the 4th quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock valued at $54,000 after purchasing an additional 155 shares during the last quarter. 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.