Coca-Cola Europacific Partners (NASDAQ:CCEP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $106.00.

Several brokerages recently commented on CCEP. UBS Group raised their price objective on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Evercore reiterated an “outperform” rating and issued a $112.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $114.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. Finally, Barclays raised their price objective on shares of Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP opened at $94.18 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a 52 week low of $84.65 and a 52 week high of $110.90. The firm has a 50-day moving average price of $98.21 and a 200 day moving average price of $93.87.

Coca-Cola Europacific Partners Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.82 per share. This represents a yield of 197.0%. The ex-dividend date is Friday, May 15th.

Institutional Trading of Coca-Cola Europacific Partners

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC grew its holdings in shares of Coca-Cola Europacific Partners by 163.3% during the first quarter. Sequoia Financial Advisors LLC now owns 7,843 shares of the company’s stock worth $711,000 after buying an additional 4,864 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Coca-Cola Europacific Partners by 47.0% during the first quarter. Hsbc Holdings PLC now owns 167,835 shares of the company’s stock worth $15,203,000 after buying an additional 53,696 shares in the last quarter. Whipplewood Advisors LLC grew its holdings in shares of Coca-Cola Europacific Partners by 1,537.5% during the first quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock worth $36,000 after buying an additional 369 shares in the last quarter. Swedbank AB grew its holdings in shares of Coca-Cola Europacific Partners by 5.1% during the first quarter. Swedbank AB now owns 190,509 shares of the company’s stock worth $17,273,000 after buying an additional 9,306 shares in the last quarter. Finally, Ascentis Independent Advisors grew its holdings in shares of Coca-Cola Europacific Partners by 80.5% during the first quarter. Ascentis Independent Advisors now owns 6,600 shares of the company’s stock worth $598,000 after buying an additional 2,944 shares in the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.