Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives $108.22 Consensus Target Price from Analysts

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $108.7778.

Several brokerages have weighed in on CCEP. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $106.00 target price on shares of Coca-Cola Europacific Partners in a research note on Wednesday, August 5th. Weiss Ratings cut shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Wells Fargo & Company boosted their price target on shares of Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Finally, Barclays increased their price objective on shares of Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the company an “overweight” rating in a report on Thursday.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $106.03 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.68 and a current ratio of 0.89. Coca-Cola Europacific Partners has a twelve month low of $84.65 and a twelve month high of $113.67. The business has a fifty day moving average of $102.86 and a 200-day moving average of $98.64.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Plato Investment Management Ltd bought a new position in shares of Coca-Cola Europacific Partners in the 2nd quarter worth $378,000. Legacy Wealth Asset Management LLC increased its holdings in Coca-Cola Europacific Partners by 5.6% in the second quarter. Legacy Wealth Asset Management LLC now owns 27,237 shares of the company’s stock valued at $2,726,000 after purchasing an additional 1,455 shares during the last quarter. Gradient Investments LLC increased its holdings in Coca-Cola Europacific Partners by 5.8% in the second quarter. Gradient Investments LLC now owns 58,841 shares of the company’s stock valued at $5,888,000 after purchasing an additional 3,241 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Coca-Cola Europacific Partners by 17.4% in the second quarter. Assenagon Asset Management S.A. now owns 28,007 shares of the company’s stock valued at $2,803,000 after buying an additional 4,150 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Coca-Cola Europacific Partners by 31.5% in the second quarter. GAMMA Investing LLC now owns 1,086 shares of the company’s stock valued at $109,000 after buying an additional 260 shares during the period. 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.