Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives Average Rating of “Hold” from Analysts

Coca-Cola Europacific Partners (NASDAQ:CCEP) has received a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $92.40.

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

Institutional Trading of Coca-Cola Europacific Partners

Several large investors have recently made changes to their positions in the company. Assetmark Inc. increased its stake in shares of Coca-Cola Europacific Partners by 107.3% in the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock valued at $25,000 after purchasing an additional 147 shares during the last quarter. NBC Securities Inc. bought a new position in Coca-Cola Europacific Partners in the first quarter valued at about $28,000. Cullen Frost Bankers Inc. raised its stake in Coca-Cola Europacific Partners by 204.2% during the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock worth $32,000 after acquiring an additional 245 shares in the last quarter. HM Payson & Co. acquired a new position in Coca-Cola Europacific Partners during the first quarter worth about $33,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 61.3% in the second quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $34,000 after acquiring an additional 138 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $87.21 on Thursday. The company has a market cap of $40.20 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 2.48 and a beta of 0.77. The company’s fifty day simple moving average is $90.44 and its 200 day simple moving average is $90.74. Coca-Cola Europacific Partners has a 1-year low of $73.40 and a 1-year high of $100.67. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15.

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.