Wells Fargo & Company Cuts Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target to $115.00

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target decreased by Wells Fargo & Company from $120.00 to $115.00 in a report released on Monday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other research firms have also commented on CCEP. Weiss Ratings upgraded shares of Coca-Cola Europacific Partners from a “buy (b)” rating to a “buy (a-)” rating in a research note on Thursday, September 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Wednesday, September 16th. Barclays upped their price target on Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $92.00 price objective on shares of Coca-Cola Europacific Partners in a report on Friday, September 4th. Finally, UBS Group cut Coca-Cola Europacific Partners from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $109.00 to $107.00 in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and an average target price of $107.89.

Coca-Cola Europacific Partners Stock Down 0.8%

Shares of Coca-Cola Europacific Partners stock opened at $100.86 on Monday. The company has a 50-day simple moving average of $105.27 and a two-hundred day simple moving average of $100.28. Coca-Cola Europacific Partners has a one year low of $84.65 and a one year high of $113.67. The company has a current ratio of 0.89, a quick ratio of 0.68 and a debt-to-equity ratio of 1.20.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CCEP. Bayban purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 407.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock valued at $32,000 after acquiring an additional 285 shares during the last quarter. Whipplewood Advisors LLC increased its stake 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. Eastern Bank purchased a new position in shares of Coca-Cola Europacific Partners during the second quarter worth $49,000. Finally, Axiom Investment Management LLC acquired a new position in Coca-Cola Europacific Partners during the first quarter valued at $72,000. 31.35% of the stock is owned by institutional investors and hedge funds.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes, sells and markets a broad portfolio of beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Monster Energy, Costa Coffee and various water, juice and sports-drink brands.

CCEP serves customers across a broad geographic territory spanning Western Europe and the Asia-Pacific region. Its markets include Great Britain, France, Belgium, the Netherlands, Luxembourg, Germany, Spain, Portugal and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.