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

Coca-Cola Europacific Partners (NASDAQ:CCEP) has earned an average rating of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $100.80.

CCEP has been the subject of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Tuesday, January 27th. Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, January 9th. UBS Group lowered their price objective on shares of Coca-Cola Europacific Partners from $105.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $114.00 target price on shares of Coca-Cola Europacific Partners in a report on Thursday, January 8th. Finally, Bank of America reiterated a “neutral” rating and set a $96.00 target price (down previously from $102.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, January 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 10.5% during the first quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock worth $621,000 after purchasing an additional 677 shares during the period. Geneos Wealth Management Inc. raised its position in Coca-Cola Europacific Partners by 23.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock worth $70,000 after buying an additional 156 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Coca-Cola Europacific Partners by 5.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,840 shares of the company’s stock worth $1,098,000 after buying an additional 597 shares during the last quarter. Callan Family Office LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter worth $227,000. Finally, Aberdeen Group plc boosted its holdings in shares of Coca-Cola Europacific Partners by 79.7% in the second quarter. Aberdeen Group plc now owns 38,212 shares of the company’s stock valued at $3,507,000 after acquiring an additional 16,951 shares in the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

CCEP opened at $96.18 on Wednesday. Coca-Cola Europacific Partners has a one year low of $80.15 and a one 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. The business’s 50-day simple moving average is $90.85 and its 200-day simple moving average is $90.71.

About Coca-Cola Europacific Partners

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.