Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have earned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $85.00.

CCEP has been the topic of a number of research reports. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday. JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. UBS Group lifted their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Evercore ISI lifted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $27,000. Optiver Holding B.V. bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Coca-Cola Europacific Partners by 85.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after purchasing an additional 197 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $34,000. Finally, Plato Investment Management Ltd bought a new stake in shares of Coca-Cola Europacific Partners during the third quarter valued at approximately $50,000. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP opened at $87.55 on Wednesday. The stock has a market cap of $40.36 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners has a 1-year low of $65.94 and a 1-year high of $88.39. The stock’s 50-day moving average is $78.68 and its 200 day moving average is $78.36.

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.