Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives Consensus Recommendation of “Buy” from Brokerages

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has been assigned an average rating of “Buy” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $79.78.

CCEP has been the subject of a number of research reports. Barclays upped their target price 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. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective for the company. in a report on Tuesday, September 10th. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday. Bank of America raised their price target on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 9th.

Coca-Cola Europacific Partners Stock Up 1.6 %

NASDAQ CCEP opened at $78.01 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners has a 12 month low of $56.28 and a 12 month high of $82.32. The stock’s 50 day moving average is $78.05 and its 200 day moving average is $74.27. The stock has a market cap of $35.63 billion, a PE ratio of 16.46, a P/E/G ratio of 3.69 and a beta of 0.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Voisard Asset Management Group Inc. bought a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth about $33,000. New Millennium Group LLC bought a new position in shares of Coca-Cola Europacific Partners during the second quarter valued at approximately $37,000. Crewe Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the first quarter worth approximately $36,000. New Covenant Trust Company N.A. bought a new stake in shares of Coca-Cola Europacific Partners during the 1st quarter worth approximately $36,000. Finally, Mather Group LLC. boosted its holdings in Coca-Cola Europacific Partners by 142.0% during the 2nd quarter. Mather Group LLC. now owns 668 shares of the company’s stock valued at $47,000 after acquiring an additional 392 shares during the period. 31.35% of the stock is owned by hedge funds and other institutional investors.

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.