Evercore ISI Issues Positive Forecast for Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Price

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target raised by Evercore ISI from $78.00 to $82.00 in a research report released on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Barclays cut their price target on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 9th. BNP Paribas cut shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target on the stock. in a research note on Tuesday, September 10th. Bank of America upped their price objective on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

Coca-Cola Europacific Partners Trading Up 0.3 %

Shares of Coca-Cola Europacific Partners stock opened at $76.68 on Wednesday. The company’s 50 day moving average is $78.70 and its 200 day moving average is $75.58. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. Coca-Cola Europacific Partners has a twelve month low of $59.31 and a twelve month high of $82.32.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its position in shares of Coca-Cola Europacific Partners by 3.8% during the third quarter. CIBC Asset Management Inc now owns 101,404 shares of the company’s stock valued at $7,986,000 after buying an additional 3,742 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in Coca-Cola Europacific Partners by 4.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,949 shares of the company’s stock valued at $547,000 after acquiring an additional 314 shares during the last quarter. Zions Bancorporation N.A. lifted its stake in Coca-Cola Europacific Partners by 7.9% in the 3rd quarter. Zions Bancorporation N.A. now owns 7,064 shares of the company’s stock worth $556,000 after purchasing an additional 520 shares in the last quarter. KBC Group NV boosted its holdings in shares of Coca-Cola Europacific Partners by 1.5% during the 3rd quarter. KBC Group NV now owns 36,638 shares of the company’s stock valued at $2,885,000 after purchasing an additional 554 shares during the last quarter. Finally, Plato Investment Management Ltd purchased a new position in shares of Coca-Cola Europacific Partners during the third quarter valued at about $50,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

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.