Coca-Cola Europacific Partners (NYSE:CCEP) Coverage Initiated at StockNews.com

Research analysts at StockNews.com started coverage on shares of Coca-Cola Europacific Partners (NYSE:CCEP – Get Rating) in a report issued on Thursday. The firm set a “buy” rating on the stock.

Several other equities analysts have also recently weighed in on CCEP. Deutsche Bank Aktiengesellschaft increased their price target on Coca-Cola Europacific Partners from $63.00 to $66.00 in a report on Thursday, January 5th. Barclays decreased their target price on Coca-Cola Europacific Partners from $69.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday, February 21st. Finally, JPMorgan Chase & Co. raised their target price on Coca-Cola Europacific Partners to €66.50 ($71.51) and gave the stock an “overweight” rating in a report on Thursday, December 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.62.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $55.82 on Thursday. Coca-Cola Europacific Partners has a 12-month low of $41.80 and a 12-month high of $57.63. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 1.42. The stock’s 50 day simple moving average is $55.69 and its 200 day simple moving average is $51.69.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Institutional investors have recently bought and sold shares of the business. Veriti Management LLC grew its position in shares of Coca-Cola Europacific Partners by 13.2% during the third quarter. Veriti Management LLC now owns 4,696 shares of the company’s stock valued at $200,000 after purchasing an additional 546 shares in the last quarter. Allworth Financial LP grew its position in shares of Coca-Cola Europacific Partners by 459.4% during the third quarter. Allworth Financial LP now owns 3,496 shares of the company’s stock valued at $149,000 after purchasing an additional 2,871 shares in the last quarter. Macquarie Group Ltd. grew its position in shares of Coca-Cola Europacific Partners by 598.0% during the third quarter. Macquarie Group Ltd. now owns 73,979 shares of the company’s stock valued at $3,153,000 after purchasing an additional 63,381 shares in the last quarter. BlackRock Inc. grew its position in shares of Coca-Cola Europacific Partners by 8.8% during the third quarter. BlackRock Inc. now owns 14,226,512 shares of the company’s stock valued at $606,333,000 after purchasing an additional 1,152,207 shares in the last quarter. Finally, Sculptor Capital LP purchased a new position in shares of Coca-Cola Europacific Partners during the second quarter valued at about $153,833,000. Hedge funds and other institutional investors own 28.63% of the company’s stock.

About Coca-Cola Europacific Partners

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Coca-Cola Europacific Partners plc engages in the distribution and sale of non-alcoholic ready to drink beverages. It operates through the following geographical segments: Iberia, Germany, Great Britain, France, Belgium/Luxembourg, Netherlands, Norway, Sweden, and Iceland. The company was founded on August 4, 2015 and is headquartered in Uxbridge, the United Kingdom.