UBS Group Increases Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target to $105.00

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target lifted by UBS Group from $100.00 to $105.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

CCEP has been the topic of several other reports. Barclays lifted their target price on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Wall Street Zen raised Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.13.

Coca-Cola Europacific Partners Stock Up 0.4%

CCEP opened at $93.58 on Wednesday. Coca-Cola Europacific Partners has a 1-year low of $71.49 and a 1-year high of $94.74. The firm’s 50 day simple moving average is $90.62 and its two-hundred day simple moving average is $84.85. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $43.14 billion, a PE ratio of 19.26, a PEG ratio of 5.02 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were given a dividend of $0.8993 per share. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, May 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its holdings 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 worth $70,000 after purchasing an additional 156 shares during the last quarter. SCS Capital Management LLC purchased a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth $3,159,000. Axiom Investors LLC DE increased its holdings in shares of Coca-Cola Europacific Partners by 48.5% in the 1st quarter. Axiom Investors LLC DE now owns 166,475 shares of the company’s stock worth $14,488,000 after buying an additional 54,350 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter worth about $605,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Coca-Cola Europacific Partners by 24.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company’s stock valued at $540,050,000 after buying an additional 1,214,493 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Company Profile

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.