Barclays Issues Positive Forecast for Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Price

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its target price upped by analysts at Barclays from $112.00 to $124.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 5.81% from the company’s previous close.

A number of other research firms also recently weighed in on CCEP. ING Group lowered Coca-Cola Europacific Partners to a “hold” rating in a research report on Friday, September 18th. Wells Fargo & Company upped their price objective on Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. assumed coverage on Coca-Cola Europacific Partners in a report on Friday, September 4th. They issued an “underweight” rating and a $92.00 price objective for the company. UBS Group raised their target price on shares of Coca-Cola Europacific Partners from $107.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $114.00 target price (up from $110.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.33.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP traded up $1.35 during midday trading on Thursday, reaching $117.19. The company had a trading volume of 1,226,700 shares, compared to its average volume of 1,848,823. Coca-Cola Europacific Partners has a 1-year low of $84.65 and a 1-year high of $119.09. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.89 and a quick ratio of 0.68. The business’s 50 day moving average price is $106.35 and its 200 day moving average price is $100.99.

Institutional Trading of Coca-Cola Europacific Partners

Several institutional investors and hedge funds have recently bought and sold shares of CCEP. Lido Advisors LLC boosted its stake in shares of Coca-Cola Europacific Partners by 7.6% during the 3rd quarter. Lido Advisors LLC now owns 3,925 shares of the company’s stock worth $399,000 after acquiring an additional 277 shares during the period. Keybank National Association OH increased its holdings in shares of Coca-Cola Europacific Partners by 1.5% during the 3rd quarter. Keybank National Association OH now owns 6,381 shares of the company’s stock worth $649,000 after acquiring an additional 96 shares during the last quarter. Csenge Advisory Group bought a new stake in Coca-Cola Europacific Partners in the 3rd quarter valued at $318,000. M&G PLC raised its stake in Coca-Cola Europacific Partners by 0.5% in the 3rd quarter. M&G PLC now owns 169,229 shares of the company’s stock valued at $17,261,000 after acquiring an additional 912 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in Coca-Cola Europacific Partners by 3.2% during the 3rd quarter. Retirement Systems of Alabama now owns 61,704 shares of the company’s stock valued at $6,276,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a consumer beverage company and one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes and sells a broad portfolio of branded beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Fuze Tea, Powerade, Monster Energy and Costa Coffee products, depending on the market.

CCEP serves customers across Europe and the Asia-Pacific region. Its territories include Great Britain, France, Germany, Spain, Portugal, Belgium, the Netherlands, Norway, Sweden and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.