Barclays Issues Positive Forecast for Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Price

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price objective hoisted by Barclays from $98.00 to $99.00 in a research report report published on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts have also recently weighed in on CCEP. JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. UBS Group raised their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price on the stock. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Finally, Evercore ISI lifted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $86.30 on Thursday. Coca-Cola Europacific Partners has a 12-month low of $65.94 and a 12-month high of $88.39. The firm has a 50-day moving average price of $82.76 and a two-hundred day moving average price of $79.33. The company has a market capitalization of $39.78 billion, a P/E ratio of 17.76, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

Institutional Trading of Coca-Cola Europacific Partners

Several hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 6.0% during the third quarter. PNC Financial Services Group Inc. now owns 14,394 shares of the company’s stock valued at $1,134,000 after purchasing an additional 815 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Coca-Cola Europacific Partners during the 3rd quarter worth approximately $482,000. Cerity Partners LLC grew its stake in Coca-Cola Europacific Partners by 33.7% in the third quarter. Cerity Partners LLC now owns 18,822 shares of the company’s stock valued at $1,482,000 after acquiring an additional 4,743 shares during the period. Penserra Capital Management LLC increased its holdings in shares of Coca-Cola Europacific Partners by 28,069.4% during the third quarter. Penserra Capital Management LLC now owns 10,141 shares of the company’s stock valued at $798,000 after acquiring an additional 10,105 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Coca-Cola Europacific Partners by 11.0% during the third quarter. Daiwa Securities Group Inc. now owns 45,557 shares of the company’s stock worth $3,588,000 after purchasing an additional 4,516 shares during the period. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Company Profile

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.