Coca-Cola Europacific Partners (NASDAQ:CCEP) Given New $78.00 Price Target at Barclays

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its target price upped by Barclays from $75.00 to $78.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the company. BNP Paribas upgraded Coca-Cola Europacific Partners from a neutral rating to an outperform rating and set a $79.00 target price on the stock in a research note on Friday, January 12th. StockNews.com upgraded shares of Coca-Cola Europacific Partners from a hold rating to a buy rating in a research note on Monday, February 26th. UBS Group raised their price target on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a buy rating in a research note on Monday, February 26th. Argus upped their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a buy rating in a research note on Tuesday, March 19th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a buy rating in a research report on Thursday, March 28th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of Buy and an average price target of $75.78.

Coca-Cola Europacific Partners Stock Up 0.7 %

Shares of CCEP stock opened at $72.02 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. Coca-Cola Europacific Partners has a 52-week low of $56.28 and a 52-week high of $72.67. The company has a 50-day simple moving average of $69.70 and a two-hundred day simple moving average of $65.85.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last released its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.85. As a group, sell-side analysts forecast that Coca-Cola Europacific Partners will post 4.18 earnings per share for the current fiscal year.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Friday, May 10th will be issued a $0.79 dividend. This represents a dividend yield of 5.6%. The ex-dividend date is Thursday, May 9th.

Institutional Trading of Coca-Cola Europacific Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. RWA Wealth Partners LLC bought a new stake in shares of Coca-Cola Europacific Partners during the first quarter valued at about $3,682,000. China Universal Asset Management Co. Ltd. increased its holdings in Coca-Cola Europacific Partners by 126.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 2,060 shares of the company’s stock worth $144,000 after acquiring an additional 1,151 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Coca-Cola Europacific Partners by 14.2% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 85,514 shares of the company’s stock valued at $5,982,000 after purchasing an additional 10,628 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of Coca-Cola Europacific Partners during the 1st quarter valued at $42,000. Finally, Simplicity Wealth LLC bought a new position in shares of Coca-Cola Europacific Partners in the first quarter worth $684,000. 31.35% of the stock is currently owned by institutional investors.

About Coca-Cola Europacific Partners

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.