Coca-Cola Europacific Partners (NASDAQ:CCEP) PT Raised to $77.00

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target hoisted by equities research analysts at Deutsche Bank Aktiengesellschaft from $68.00 to $77.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 9.75% from the company’s previous close.

Several other equities analysts have also weighed in on the company. The Goldman Sachs Group upgraded Coca-Cola Europacific Partners from a “neutral” rating to a “buy” rating and raised their target price for the company from $61.00 to $70.00 in a report on Monday, December 4th. UBS Group lifted their target price on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. JPMorgan Chase & Co. lifted their price objective on Coca-Cola Europacific Partners from $72.50 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, November 29th. BNP Paribas raised Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price objective on the stock in a report on Friday, January 12th. Finally, Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average target price of $74.02.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP traded down $1.34 during midday trading on Thursday, hitting $70.16. 1,230,453 shares of the stock were exchanged, compared to its average volume of 1,577,015. Coca-Cola Europacific Partners has a 52-week low of $56.28 and a 52-week high of $72.67. The business’s fifty day simple moving average is $69.15 and its two-hundred day simple moving average is $64.59. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last posted its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, meeting the consensus estimate of $1.85. On average, sell-side analysts forecast that Coca-Cola Europacific Partners will post 4.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. NBC Securities Inc. grew its position in shares of Coca-Cola Europacific Partners by 12.9% during the 4th quarter. NBC Securities Inc. now owns 1,326 shares of the company’s stock worth $88,000 after purchasing an additional 152 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Coca-Cola Europacific Partners by 24.1% during the 4th quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock worth $54,000 after purchasing an additional 155 shares in the last quarter. New York Life Investment Management LLC boosted its position in shares of Coca-Cola Europacific Partners by 4.0% during the 4th quarter. New York Life Investment Management LLC now owns 4,096 shares of the company’s stock worth $273,000 after acquiring an additional 158 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of Coca-Cola Europacific Partners by 5.5% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 3,771 shares of the company’s stock worth $236,000 after acquiring an additional 196 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in shares of Coca-Cola Europacific Partners by 2.6% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,945 shares of the company’s stock worth $597,000 after acquiring an additional 230 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

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.