Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives $108.56 Consensus Price Target from Analysts

Coca-Cola Europacific Partners (NASDAQ:CCEP) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $108.4444.

Several equities research analysts have recently commented on CCEP shares. Barclays lifted their price target on shares of Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, July 2nd. Wells Fargo & Company upped their price objective on Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Weiss Ratings upgraded Coca-Cola Europacific Partners from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, August 27th. Finally, UBS Group lowered Coca-Cola Europacific Partners from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $109.00 to $107.00 in a research report on Thursday, August 13th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System grew its stake in shares of Coca-Cola Europacific Partners by 8,692.1% during the 2nd quarter. California State Teachers Retirement System now owns 17,141,791 shares of the company’s stock worth $1,715,379,000 after acquiring an additional 16,946,824 shares in the last quarter. Norges Bank bought a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth $363,294,000. Lazard Asset Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 310.4% in the third quarter. Lazard Asset Management LLC now owns 2,329,999 shares of the company’s stock worth $210,802,000 after purchasing an additional 1,762,299 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Coca-Cola Europacific Partners during the first quarter worth $97,058,000. Finally, Bank of America Corp DE grew its position in Coca-Cola Europacific Partners by 32.8% in the second quarter. Bank of America Corp DE now owns 2,870,553 shares of the company’s stock valued at $266,158,000 after purchasing an additional 709,723 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Down 3.1%

Shares of CCEP opened at $105.76 on Monday. The business’s fifty day moving average price is $106.97 and its two-hundred day moving average price is $100.48. The company has a current ratio of 0.89, a quick ratio of 0.68 and a debt-to-equity ratio of 1.20. Coca-Cola Europacific Partners has a 52 week low of $84.65 and a 52 week high of $113.67.

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.