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

Coca-Cola Europacific Partners (NASDAQ:CCEP) has been given an average rating of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $107.7143.

A number of research firms have commented on CCEP. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $114.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. The Goldman Sachs Group raised their price target on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. Bank of America reaffirmed a “neutral” rating and set a $96.00 price objective (down from $102.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, January 14th. Finally, Evercore reaffirmed an “outperform” rating and set a $112.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several hedge funds have recently modified their holdings of CCEP. Bayban acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth $25,000. Mather Group LLC. purchased a new position in Coca-Cola Europacific Partners during the third quarter worth about $31,000. First Command Advisory Services Inc. raised its holdings in Coca-Cola Europacific Partners by 1,800.0% during the third quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock worth $33,000 after purchasing an additional 342 shares in the last quarter. Quarry LP lifted its position in Coca-Cola Europacific Partners by 59.1% in the fourth quarter. Quarry LP now owns 393 shares of the company’s stock valued at $36,000 after purchasing an additional 146 shares during the period. Finally, Westerkirk Capital Inc. purchased a new stake in Coca-Cola Europacific Partners in the 2nd quarter valued at approximately $37,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Up 2.0%

Shares of Coca-Cola Europacific Partners stock opened at $92.48 on Thursday. The firm’s fifty day simple moving average is $98.07 and its 200-day simple moving average is $92.79. Coca-Cola Europacific Partners has a 12 month low of $81.00 and a 12 month high of $110.90. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23.

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.