Kepler Capital Markets Downgrades Coca-Cola Europacific Partners (NASDAQ:CCEP) to Reduce

Coca-Cola Europacific Partners (NASDAQ:CCEP) was downgraded by Kepler Capital Markets from a “hold” rating to a “reduce” rating in a research report issued on Tuesday, MarketBeat Ratings reports.

A number of other equities research analysts have also issued reports on CCEP. Barclays dropped their target price on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Evercore ISI boosted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Sanford C. Bernstein initiated coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target on the stock. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and an average target price of $85.00.

Coca-Cola Europacific Partners Trading Down 0.1 %

Shares of Coca-Cola Europacific Partners stock opened at $87.20 on Tuesday. The business’s 50 day simple moving average is $78.48 and its 200 day simple moving average is $78.27. Coca-Cola Europacific Partners has a 52-week low of $65.94 and a 52-week high of $88.39. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Institutional investors and hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $27,000. Optiver Holding B.V. acquired a new stake in Coca-Cola Europacific Partners during the fourth quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB grew its stake in Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after acquiring an additional 197 shares during the period. Summit Securities Group LLC acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $34,000. Finally, Plato Investment Management Ltd purchased a new position in shares of Coca-Cola Europacific Partners during the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

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.