Coca-Cola Europacific Partners (NASDAQ:CCEP) Sets New 52-Week High at $81.41

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $81.41 and last traded at $81.30, with a volume of 1581527 shares. The stock had previously closed at $80.50.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Finally, Bank of America lifted their target price on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.11.

Coca-Cola Europacific Partners Stock Down 0.8 %

The company has a market capitalization of $36.89 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 3.79 and a beta of 0.90. The firm has a 50-day moving average price of $75.35 and a two-hundred day moving average price of $72.82. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several large investors have recently made changes to their positions in the stock. NBC Securities Inc. lifted its holdings in Coca-Cola Europacific Partners by 12.9% during the 4th quarter. NBC Securities Inc. now owns 1,326 shares of the company’s stock valued at $88,000 after purchasing an additional 152 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 151.7% during the 4th quarter. Franklin Resources Inc. now owns 107,477 shares of the company’s stock worth $7,173,000 after buying an additional 64,784 shares during the period. BNP Paribas Financial Markets grew its stake in Coca-Cola Europacific Partners by 79.0% in the 1st quarter. BNP Paribas Financial Markets now owns 477,729 shares of the company’s stock valued at $33,417,000 after buying an additional 210,780 shares during the last quarter. Grayhawk Investment Strategies Inc. bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at about $1,110,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in Coca-Cola Europacific Partners by 44.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 79,167 shares of the company’s stock worth $5,284,000 after acquiring an additional 24,391 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

About Coca-Cola Europacific Partners

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.