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

Coca-Cola Europacific Partners (NASDAQ:CCEP) has received an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $92.40.

CCEP has been the subject of a number of recent research reports. Barclays dropped their price objective on shares of 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Thursday. Morgan Stanley downgraded Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $88.83 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $89.33 and a two-hundred day moving average price of $91.36. Coca-Cola Europacific Partners has a twelve month low of $73.40 and a twelve month high of $100.67. The company has a market capitalization of $40.95 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 2.54 and a beta of 0.77.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Hedge funds have recently modified their holdings of the company. TIAA Trust National Association increased its position in Coca-Cola Europacific Partners by 3.2% during the 2nd quarter. TIAA Trust National Association now owns 3,345 shares of the company’s stock worth $310,000 after purchasing an additional 103 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of Coca-Cola Europacific Partners by 6.0% during the first quarter. Private Trust Co. NA now owns 2,022 shares of the company’s stock worth $176,000 after purchasing an additional 115 shares in the last quarter. Choreo LLC boosted its position in shares of Coca-Cola Europacific Partners by 4.5% in the second quarter. Choreo LLC now owns 2,733 shares of the company’s stock worth $253,000 after buying an additional 118 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of Coca-Cola Europacific Partners by 2.9% in the third quarter. Concurrent Investment Advisors LLC now owns 4,323 shares of the company’s stock valued at $391,000 after buying an additional 123 shares in the last quarter. Finally, BKM Wealth Management LLC raised its holdings in shares of Coca-Cola Europacific Partners by 1.6% during the 1st quarter. BKM Wealth Management LLC now owns 7,834 shares of the company’s stock valued at $682,000 after buying an additional 124 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

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.