Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives $81.22 Consensus Price Target from Analysts

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has been assigned a consensus rating of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $81.22.

Several equities analysts recently issued reports on the company. Evercore ISI boosted their price target on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 9th. BNP Paribas lowered Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target on the stock. in a research note on Tuesday, September 10th. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Barclays upped their price objective on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 38.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after acquiring an additional 139 shares in the last quarter. New Millennium Group LLC acquired a new position in Coca-Cola Europacific Partners during the 2nd quarter worth $37,000. Crewe Advisors LLC acquired a new position in Coca-Cola Europacific Partners during the 1st quarter worth $36,000. New Covenant Trust Company N.A. acquired a new position in Coca-Cola Europacific Partners during the 1st quarter worth $36,000. Finally, Plato Investment Management Ltd acquired a new position in Coca-Cola Europacific Partners during the 3rd quarter worth $50,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Down 0.1 %

Coca-Cola Europacific Partners stock opened at $75.99 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. The business’s 50-day simple moving average is $77.98 and its 200-day simple moving average is $76.00. Coca-Cola Europacific Partners has a 52 week low of $59.31 and a 52 week high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be issued a $1.34 dividend. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. This represents a dividend yield of 2.6%. The ex-dividend date is Friday, November 15th.

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.