Analysts Set Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Target Price at $86.88

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $86.88.

Several equities analysts recently commented on CCEP shares. Evercore ISI increased their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective on the stock. UBS Group boosted their target price 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. Barclays increased their price target on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Finally, Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

A number of institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $27,000. Optiver Holding B.V. purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $29,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter worth $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter worth $52,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 0.4 %

NASDAQ:CCEP opened at $84.14 on Friday. Coca-Cola Europacific Partners has a 12-month low of $65.94 and a 12-month high of $88.39. The firm has a market cap of $38.78 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. 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 fifty day moving average price of $82.18 and a 200 day moving average price of $79.20.

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.