Coca-Cola Europacific Partners (NASDAQ:CCEP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Coca-Cola Europacific Partners (NASDAQ:CCEP) has received an average rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $106.00.

CCEP has been the subject of a number of research reports. Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, February 19th. 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 report on Wednesday, April 29th. Weiss Ratings lowered shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Evercore reiterated an “outperform” rating and issued a $112.00 price objective on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. Finally, The Goldman Sachs Group raised their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 18th.

Coca-Cola Europacific Partners Trading Down 0.8%

Shares of NASDAQ CCEP opened at $93.41 on Friday. The company has a 50 day simple moving average of $94.49 and a 200 day simple moving average of $94.23. Coca-Cola Europacific Partners has a 1 year low of $84.65 and a 1 year high of $110.90. 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 Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Friday, May 15th will be given a dividend of $0.82 per share. This represents a yield of 213.0%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Trading of Coca-Cola Europacific Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Axiom Investment Management LLC acquired a new stake in Coca-Cola Europacific Partners during the 1st quarter valued at approximately $72,000. Bank of America Corp DE increased its position in Coca-Cola Europacific Partners by 0.6% during the 1st quarter. Bank of America Corp DE now owns 2,692,575 shares of the company’s stock valued at $244,136,000 after purchasing an additional 17,036 shares during the period. Janus Henderson Group PLC acquired a new stake in Coca-Cola Europacific Partners during the 1st quarter valued at approximately $97,058,000. Smith Group Asset Management LLC increased its position in Coca-Cola Europacific Partners by 4.5% during the 1st quarter. Smith Group Asset Management LLC now owns 72,941 shares of the company’s stock valued at $6,614,000 after purchasing an additional 3,140 shares during the period. Finally, Amundi increased its position in Coca-Cola Europacific Partners by 13.4% during the 1st quarter. Amundi now owns 3,399,052 shares of the company’s stock valued at $308,192,000 after purchasing an additional 401,683 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Company Profile

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.