Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives $108.56 Average Target Price from Analysts

Coca-Cola Europacific Partners (NASDAQ:CCEP) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $108.4444.

A number of brokerages have issued reports on CCEP. Wells Fargo & Company raised their price target on 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. Weiss Ratings upgraded shares of Coca-Cola Europacific Partners from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, August 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, July 2nd. Barclays upped 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 research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $92.00 price target on shares of Coca-Cola Europacific Partners in a research report on Friday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC grew its holdings in shares of Coca-Cola Europacific Partners by 10.5% during the first quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock valued at $621,000 after purchasing an additional 677 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Coca-Cola Europacific Partners by 23.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock valued at $70,000 after purchasing an additional 156 shares in the last quarter. Marshall Wace LLP bought a new position in Coca-Cola Europacific Partners during the 2nd quarter valued at $653,000. Jump Financial LLC raised its stake in shares of Coca-Cola Europacific Partners by 18.8% in the 2nd quarter. Jump Financial LLC now owns 25,666 shares of the company’s stock worth $2,380,000 after buying an additional 4,059 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Coca-Cola Europacific Partners in the second quarter worth about $202,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP opened at $105.76 on Monday. Coca-Cola Europacific Partners has a 1 year low of $84.65 and a 1 year high of $113.67. The firm’s 50 day moving average price is $106.97 and its 200 day moving average price is $100.49. 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 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.