Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target Raised to $99.00

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its target price raised by Barclays from $98.00 to $99.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 15.53% from the company’s previous close.

A number of other brokerages have also recently weighed in on CCEP. Evercore ISI increased their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. UBS Group raised their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Coca-Cola Europacific Partners Stock Up 0.4 %

Shares of NASDAQ CCEP opened at $85.69 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners has a 52-week low of $65.94 and a 52-week high of $88.39. The business has a 50-day moving average price of $82.37 and a 200 day moving average price of $79.25. The stock has a market cap of $39.50 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91.

Institutional Trading of Coca-Cola Europacific Partners

Several hedge funds and other institutional investors have recently bought and sold shares of CCEP. SBI Securities Co. Ltd. purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at $27,000. Optiver Holding B.V. acquired a new stake in Coca-Cola Europacific Partners in the 4th quarter worth about $29,000. MassMutual Private Wealth & Trust FSB grew its holdings in Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after buying an additional 197 shares during the period. Summit Securities Group LLC acquired a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $34,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth about $52,000. 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.