Coca-Cola Europacific Partners (NASDAQ:CCEP) Upgraded at Wells Fargo & Company

Coca-Cola Europacific Partners (NASDAQ:CCEP) was upgraded by investment analysts at Wells Fargo & Company to a “strong-buy” rating in a research report issued on Friday,Zacks.com reports.

CCEP has been the topic of several other research reports. Barclays boosted their price target on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. upped their target price on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Evercore reiterated an “outperform” rating and issued a $112.00 price target on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. Weiss Ratings lowered shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group lifted their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $106.50.

Coca-Cola Europacific Partners Trading Up 1.7%

NASDAQ CCEP opened at $99.34 on Friday. Coca-Cola Europacific Partners has a 12-month low of $84.65 and a 12-month high of $110.90. The company has a fifty day simple moving average of $94.56 and a two-hundred day simple moving average of $94.51. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23.

Institutional Trading of Coca-Cola Europacific Partners

Hedge funds have recently added to or reduced their stakes in the company. Bayban acquired a new stake in Coca-Cola Europacific Partners during the fourth quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Coca-Cola Europacific Partners by 407.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock worth $32,000 after acquiring an additional 285 shares during the period. Whipplewood Advisors LLC raised its position in shares of Coca-Cola Europacific Partners by 1,537.5% in the first quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock worth $36,000 after acquiring an additional 369 shares during the period. Quarry LP boosted its stake in shares of Coca-Cola Europacific Partners by 59.1% during the 4th quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after acquiring an additional 146 shares in the last quarter. Finally, 1248 Management LLC acquired a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $38,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

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.