Coca-Cola Europacific Partners (NASDAQ:CCEP) Given New $103.00 Price Target at UBS Group

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target decreased by UBS Group from $105.00 to $103.00 in a research report report published on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $114.00 price objective on shares of Coca-Cola Europacific Partners in a report on Thursday. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $102.50.

Coca-Cola Europacific Partners Trading Up 3.2%

CCEP opened at $88.14 on Thursday. 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 stock has a 50-day moving average of $90.41 and a 200-day moving average of $91.43. Coca-Cola Europacific Partners has a 52-week low of $73.40 and a 52-week high of $100.67.

Coca-Cola Europacific Partners Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Friday, November 14th were given a $1.25 dividend. This represents a dividend yield of 277.0%. The ex-dividend date of this dividend was Friday, November 14th.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its holdings in Coca-Cola Europacific Partners by 10.5% in the 1st quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock valued at $621,000 after purchasing an additional 677 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 23.9% in the first quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock valued at $70,000 after buying an additional 156 shares during the period. Gradient Investments LLC grew its position in Coca-Cola Europacific Partners by 17.9% during the second quarter. Gradient Investments LLC now owns 8,145 shares of the company’s stock worth $755,000 after buying an additional 1,236 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in Coca-Cola Europacific Partners by 11.1% during the second quarter. Aaron Wealth Advisors LLC now owns 2,744 shares of the company’s stock worth $254,000 after buying an additional 275 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Coca-Cola Europacific Partners by 22.0% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,839 shares of the company’s stock valued at $2,303,000 after acquiring an additional 4,480 shares during the period. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.