Evercore ISI Forecasts Strong Price Appreciation for Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price objective upped by Evercore ISI from $82.00 to $90.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

CCEP has been the topic of several other research reports. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Barclays cut their price target on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Sanford C. Bernstein initiated coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target on the stock. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their price target for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Finally, UBS Group raised their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $86.51 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. Coca-Cola Europacific Partners has a 12 month low of $65.94 and a 12 month high of $87.03. The stock’s fifty day moving average price is $78.12 and its 200-day moving average price is $78.00.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its holdings in Coca-Cola Europacific Partners by 26.3% in the fourth quarter. Invesco Ltd. now owns 10,119,928 shares of the company’s stock worth $777,312,000 after acquiring an additional 2,105,019 shares in the last quarter. FMR LLC boosted its holdings in Coca-Cola Europacific Partners by 3.3% in the fourth quarter. FMR LLC now owns 7,234,642 shares of the company’s stock worth $555,693,000 after acquiring an additional 229,679 shares in the last quarter. Amundi boosted its holdings in Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock worth $233,716,000 after acquiring an additional 87,675 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Coca-Cola Europacific Partners by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock worth $221,835,000 after acquiring an additional 872,060 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Coca-Cola Europacific Partners by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock worth $217,191,000 after acquiring an additional 32,776 shares in 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.