Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Short Interest Update

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 5,260,000 shares, an increase of 5.6% from the March 15th total of 4,980,000 shares. Based on an average daily trading volume, of 1,560,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CCEP shares. StockNews.com upgraded Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft upped their target price on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Argus upped their target price on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. UBS Group upped their target price on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, Barclays upped their target price on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and a consensus price target of $74.02.

Coca-Cola Europacific Partners Stock Down 0.2 %

Shares of CCEP stock opened at $66.35 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91. Coca-Cola Europacific Partners has a twelve month low of $56.28 and a twelve month high of $72.67. The business has a fifty day simple moving average of $69.30 and a 200 day simple moving average of $65.22.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last announced its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, hitting the consensus estimate of $1.85. On average, research analysts predict that Coca-Cola Europacific Partners will post 4.18 EPS for the current fiscal year.

Institutional Trading of Coca-Cola Europacific Partners

Several institutional investors and hedge funds have recently modified their holdings of CCEP. GAMMA Investing LLC acquired a new position in Coca-Cola Europacific Partners in the 4th quarter worth about $28,000. Harbour Investments Inc. acquired a new position in Coca-Cola Europacific Partners in the 4th quarter worth about $31,000. Voisard Asset Management Group Inc. acquired a new position in Coca-Cola Europacific Partners in the 4th quarter worth about $33,000. KB Financial Partners LLC acquired a new position in Coca-Cola Europacific Partners in the 1st quarter worth about $33,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Coca-Cola Europacific Partners by 220.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock worth $34,000 after purchasing an additional 352 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.