Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Given Average Recommendation of “Buy” by Brokerages

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has been given an average recommendation of “Buy” by the nine ratings firms that are currently covering the company, MarketBeat reports. Nine analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $78.11.

A number of equities analysts have recently weighed in on the company. Barclays upped their price objective on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Bank of America increased their price target on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, StockNews.com lowered Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Sunday, May 19th.

Institutional Trading of Coca-Cola Europacific Partners

A number of large investors have recently modified their holdings of the company. Signaturefd LLC lifted its stake in shares of Coca-Cola Europacific Partners by 2.6% during the 2nd quarter. Signaturefd LLC now owns 5,735 shares of the company’s stock worth $418,000 after purchasing an additional 147 shares during the last quarter. Waverly Advisors LLC increased its position in shares of Coca-Cola Europacific Partners by 1.0% during the first quarter. Waverly Advisors LLC now owns 14,856 shares of the company’s stock worth $1,039,000 after purchasing an additional 151 shares in the last quarter. NBC Securities Inc. boosted its position in shares of Coca-Cola Europacific Partners by 12.9% in the 4th quarter. NBC Securities Inc. now owns 1,326 shares of the company’s stock worth $88,000 after purchasing an additional 152 shares in the last quarter. New York Life Investment Management LLC boosted its position in shares of Coca-Cola Europacific Partners by 4.0% in the 4th quarter. New York Life Investment Management LLC now owns 4,096 shares of the company’s stock worth $273,000 after purchasing an additional 158 shares in the last quarter. Finally, Legacy Financial Advisors Inc. grew its stake in Coca-Cola Europacific Partners by 3.8% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 4,605 shares of the company’s stock worth $336,000 after buying an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $80.50 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The business has a 50-day moving average price of $75.06 and a 200-day moving average price of $72.70. Coca-Cola Europacific Partners has a twelve month low of $56.28 and a twelve month high of $81.25.

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.