Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target Cut to $115.00 by Analysts at Wells Fargo & Company

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price objective decreased by Wells Fargo & Company from $120.00 to $115.00 in a research report report published on Monday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on CCEP. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Wednesday, September 16th. Sanford C. Bernstein reissued a “market perform” rating and issued a $106.00 price target on shares of Coca-Cola Europacific Partners in a research report on Wednesday, August 5th. UBS Group cut shares of Coca-Cola Europacific Partners from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $109.00 to $107.00 in a report on Thursday, August 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $92.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Friday, September 4th. Finally, Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.89.

Coca-Cola Europacific Partners Stock Up 0.4%

NASDAQ:CCEP opened at $101.47 on Monday. Coca-Cola Europacific Partners has a 1-year low of $84.65 and a 1-year high of $113.67. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.89 and a quick ratio of 0.68. The business’s fifty day moving average price is $105.67 and its 200 day moving average price is $100.19.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Hedge funds and other institutional investors have recently made changes to their positions in the company. Amundi grew its stake in shares of Coca-Cola Europacific Partners by 13.4% in the 1st quarter. Amundi now owns 3,399,052 shares of the company’s stock valued at $308,192,000 after buying an additional 401,683 shares in the last quarter. Bank of America Corp DE lifted its stake in Coca-Cola Europacific Partners by 0.6% in the first quarter. Bank of America Corp DE now owns 2,692,575 shares of the company’s stock valued at $244,136,000 after acquiring an additional 17,036 shares during the last quarter. Bessemer Group Inc. lifted its stake in Coca-Cola Europacific Partners by 14.5% in the first quarter. Bessemer Group Inc. now owns 2,289,254 shares of the company’s stock valued at $207,568,000 after acquiring an additional 289,080 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Coca-Cola Europacific Partners in the first quarter worth approximately $97,058,000. Finally, Royal London Asset Management Ltd. increased its stake in shares of Coca-Cola Europacific Partners by 5.7% during the 4th quarter. Royal London Asset Management Ltd. now owns 968,909 shares of the company’s stock worth $87,880,000 after purchasing an additional 52,103 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes, sells and markets a broad portfolio of beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Monster Energy, Costa Coffee and various water, juice and sports-drink brands.

CCEP serves customers across a broad geographic territory spanning Western Europe and the Asia-Pacific region. Its markets include Great Britain, France, Belgium, the Netherlands, Luxembourg, Germany, Spain, Portugal and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.