Analysts Set Coca-Cola Europacific Partners (NASDAQ:CCEP) Target Price at $100.80

Coca-Cola Europacific Partners (NASDAQ:CCEP) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $100.80.

Several research firms have recently weighed in on CCEP. Bank of America reissued a “neutral” rating and issued a $96.00 target price (down previously from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $114.00 price target on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Tuesday, January 27th. Barclays reaffirmed an “overweight” rating and set a $101.00 target price on shares of Coca-Cola Europacific Partners in a report on Friday, January 16th. Finally, UBS Group lowered their price target on Coca-Cola Europacific Partners from $105.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, January 8th.

Coca-Cola Europacific Partners Trading Up 0.5%

CCEP stock opened at $99.51 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The firm has a 50 day simple moving average of $91.31 and a 200-day simple moving average of $90.83. Coca-Cola Europacific Partners has a twelve month low of $80.70 and a twelve month high of $100.67.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several institutional investors and hedge funds have recently bought and sold shares of CCEP. AQR Capital Management LLC boosted its stake in Coca-Cola Europacific Partners by 10.5% in the first quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock valued at $621,000 after acquiring an additional 677 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 23.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock worth $70,000 after purchasing an additional 156 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 5.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,840 shares of the company’s stock worth $1,098,000 after purchasing an additional 597 shares during the last quarter. Callan Family Office LLC acquired a new position in Coca-Cola Europacific Partners during the 2nd quarter valued at approximately $227,000. Finally, Aberdeen Group plc grew its stake in Coca-Cola Europacific Partners by 79.7% during the 2nd quarter. Aberdeen Group plc now owns 38,212 shares of the company’s stock worth $3,507,000 after buying an additional 16,951 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.