Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Given Average Recommendation of “Moderate Buy” by Brokerages

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $87.00.

A number of analysts recently issued reports on the stock. Evercore ISI increased their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. 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. Barclays lifted their price target on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group increased their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective for the company.

Institutional Trading of Coca-Cola Europacific Partners

Several large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in Coca-Cola Europacific Partners during the 4th quarter worth $27,000. Optiver Holding B.V. acquired a new position in Coca-Cola Europacific Partners during the fourth quarter worth about $29,000. MassMutual Private Wealth & Trust FSB grew its stake in Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after acquiring an additional 197 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at about $34,000. Finally, Whipplewood Advisors LLC purchased a new position in Coca-Cola Europacific Partners in the 4th quarter worth approximately $52,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Trading Up 0.0 %

Coca-Cola Europacific Partners stock opened at $86.30 on Friday. The firm has a market cap of $39.78 billion, a PE ratio of 17.76, a P/E/G ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners has a 12 month low of $65.94 and a 12 month high of $88.39. The stock’s 50 day simple moving average is $82.76 and its two-hundred day simple moving average is $79.33. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

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.