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

Coca-Cola Europacific Partners (NASDAQ:CCEP) has earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $90.4286.

CCEP has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. UBS Group lifted their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Wall Street Zen lowered Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Barclays decreased their price target on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Finally, Morgan Stanley lowered Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 7th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in Coca-Cola Europacific Partners by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 657,071 shares of the company’s stock valued at $57,185,000 after buying an additional 13,981 shares during the period. Siemens Fonds Invest GmbH raised its position in shares of Coca-Cola Europacific Partners by 79.1% in the 4th quarter. Siemens Fonds Invest GmbH now owns 16,226 shares of the company’s stock worth $1,246,000 after acquiring an additional 7,165 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its stake in shares of Coca-Cola Europacific Partners by 52.0% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,385 shares of the company’s stock valued at $991,000 after purchasing an additional 3,893 shares during the period. Cetera Investment Advisers lifted its stake in shares of Coca-Cola Europacific Partners by 12.3% in the 4th quarter. Cetera Investment Advisers now owns 31,339 shares of the company’s stock valued at $2,407,000 after purchasing an additional 3,435 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of Coca-Cola Europacific Partners by 7.3% during the 4th quarter. Deutsche Bank AG now owns 1,689,202 shares of the company’s stock valued at $129,748,000 after purchasing an additional 114,754 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Up 0.7%

NASDAQ:CCEP opened at $90.40 on Wednesday. Coca-Cola Europacific Partners has a one year low of $73.40 and a one year high of $100.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The company has a market cap of $41.67 billion, a PE ratio of 18.60, a P/E/G ratio of 2.60 and a beta of 0.75. The firm’s 50 day simple moving average is $94.73 and its 200 day simple moving average is $89.46.

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.