Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives $106.50 Average PT from Analysts

Coca-Cola Europacific Partners (NASDAQ:CCEP) has received an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $106.50.

CCEP has been the topic of several recent research reports. Weiss Ratings lowered Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. UBS Group raised their target price on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Barclays raised their target price on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Wells Fargo & Company initiated coverage on Coca-Cola Europacific Partners in a report on Friday, June 12th. They set an “overweight” rating and a $110.00 target price on the stock.

Coca-Cola Europacific Partners Stock Up 0.1%

Shares of NASDAQ:CCEP opened at $96.98 on Tuesday. Coca-Cola Europacific Partners has a 1 year low of $84.65 and a 1 year high of $110.90. The business has a fifty day simple moving average of $94.96 and a 200 day simple moving average of $94.80. 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 business also recently announced a dividend, which was paid on Wednesday, May 27th. Shareholders of record on Friday, May 15th were issued a dividend of $0.82 per share. This represents a yield of 213.0%. The ex-dividend date was Friday, May 15th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several hedge funds and other institutional investors have recently made changes to their positions in CCEP. AQR Capital Management LLC grew its position in shares of Coca-Cola Europacific Partners by 10.5% in the first quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock valued at $621,000 after purchasing an additional 677 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Coca-Cola Europacific Partners by 23.9% in the first quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock valued at $70,000 after purchasing an additional 156 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Coca-Cola Europacific Partners in the second quarter valued at about $653,000. Jump Financial LLC grew its position in shares of Coca-Cola Europacific Partners by 18.8% in the second quarter. Jump Financial LLC now owns 25,666 shares of the company’s stock valued at $2,380,000 after purchasing an additional 4,059 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Coca-Cola Europacific Partners in the second quarter valued at about $202,000. 31.35% of the stock is owned by institutional investors and hedge funds.

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.