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

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has earned an average rating of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $84.44.

CCEP has been the topic of several recent research reports. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective for the company. in a report on Tuesday, September 10th. Barclays lifted their target price on shares of 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, Deutsche Bank Aktiengesellschaft upped 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 report on Monday, September 9th.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Coca-Cola Europacific Partners by 307.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock worth $191,984,000 after buying an additional 1,839,321 shares in the last quarter. Point72 Asset Management L.P. raised its position in Coca-Cola Europacific Partners by 144.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock valued at $87,788,000 after purchasing an additional 711,121 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Coca-Cola Europacific Partners in the third quarter worth $52,364,000. Point72 Europe London LLP bought a new stake in shares of Coca-Cola Europacific Partners during the second quarter worth $26,341,000. Finally, Samlyn Capital LLC increased its stake in shares of Coca-Cola Europacific Partners by 23.2% in the second quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock valued at $135,155,000 after buying an additional 349,466 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Down 0.6 %

CCEP opened at $75.69 on Tuesday. The company has a market capitalization of $34.89 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 3.85 and a beta of 0.90. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. Coca-Cola Europacific Partners has a fifty-two week low of $64.73 and a fifty-two week high of $82.32. The business has a 50-day moving average of $77.04 and a 200-day moving average of $76.83.

Coca-Cola Europacific Partners Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were paid a dividend of $1.34 per share. This is a positive change 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 was Friday, November 15th. Coca-Cola Europacific Partners’s dividend payout ratio is currently 35.27%.

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.