Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives Consensus Rating of “Buy” from Brokerages

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have received an average recommendation of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $81.22.

CCEP has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Evercore ISI raised their price target on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Barclays boosted their price objective on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research note on Tuesday, September 10th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

A number of hedge funds have recently made changes to their positions in CCEP. New Covenant Trust Company N.A. bought a new stake in Coca-Cola Europacific Partners in the first quarter worth $36,000. Crewe Advisors LLC bought a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter valued at about $36,000. New Millennium Group LLC purchased a new stake in Coca-Cola Europacific Partners during the 2nd quarter valued at about $37,000. Whittier Trust Co. of Nevada Inc. grew its position in Coca-Cola Europacific Partners by 38.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after acquiring an additional 139 shares during the last quarter. Finally, Mather Group LLC. increased its stake in Coca-Cola Europacific Partners by 142.0% in the 2nd quarter. Mather Group LLC. now owns 668 shares of the company’s stock worth $47,000 after purchasing an additional 392 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Down 3.8 %

Shares of CCEP opened at $75.76 on Monday. Coca-Cola Europacific Partners has a twelve month low of $59.31 and a twelve month high of $82.32. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. The business’s 50-day moving average price is $78.24 and its 200-day moving average price is $75.94.

Coca-Cola Europacific Partners Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a dividend of $1.34 per share. This is a boost from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. This represents a yield of 2.6%. The ex-dividend date of this dividend is Friday, November 15th.

About Coca-Cola Europacific Partners

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.