Coca-Cola Europacific Partners (NASDAQ:CCEP) Shares Gap Down – Time to Sell?

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $85.82, but opened at $83.50. Coca-Cola Europacific Partners shares last traded at $83.69, with a volume of 839,767 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CCEP. UBS Group increased their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price objective for the company. Finally, Barclays dropped their target price on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Coca-Cola Europacific Partners Trading Down 2.5 %

The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $38.55 billion, a P/E ratio of 17.21, a P/E/G ratio of 4.89 and a beta of 0.91. The business’s fifty day simple moving average is $79.76 and its two-hundred day simple moving average is $78.74.

Institutional Trading of Coca-Cola Europacific Partners

Several hedge funds have recently modified their holdings of CCEP. Cibc World Markets Corp raised its position in Coca-Cola Europacific Partners by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company’s stock worth $783,000 after acquiring an additional 139 shares in the last quarter. TIAA Trust National Association increased its stake in shares of Coca-Cola Europacific Partners by 4.4% during the 4th quarter. TIAA Trust National Association now owns 3,420 shares of the company’s stock worth $263,000 after purchasing an additional 145 shares during the last quarter. Moody Lynn & Lieberson LLC raised its holdings in shares of Coca-Cola Europacific Partners by 5.0% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company’s stock valued at $242,000 after purchasing an additional 150 shares during the period. Dimensional Fund Advisors LP lifted its stake in Coca-Cola Europacific Partners by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company’s stock valued at $4,087,000 after purchasing an additional 155 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after purchasing an additional 166 shares during the period. 31.35% of the stock is owned by 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.