Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Price Expected to Rise, Barclays Analyst Says

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its target price lifted by stock analysts at Barclays from $98.00 to $99.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 14.72% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target on the stock. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, Evercore ISI upped their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $86.30 on Thursday. The firm has a market capitalization of $39.78 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners has a one year low of $65.94 and a one year high of $88.39. The stock’s 50 day moving average price is $82.76 and its 200 day moving average price is $79.33. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81.

Institutional Trading of Coca-Cola Europacific Partners

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $190,999,000. Invesco Ltd. grew its holdings in shares of Coca-Cola Europacific Partners by 26.3% during the fourth quarter. Invesco Ltd. now owns 10,119,928 shares of the company’s stock valued at $777,312,000 after purchasing an additional 2,105,019 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Coca-Cola Europacific Partners by 307.3% during the 3rd 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 purchasing an additional 1,839,321 shares during the period. Barclays PLC lifted its holdings in shares of Coca-Cola Europacific Partners by 236.4% in the 4th quarter. Barclays PLC now owns 1,804,855 shares of the company’s stock worth $138,631,000 after purchasing an additional 1,268,401 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Coca-Cola Europacific Partners by 43.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock valued at $221,835,000 after purchasing an additional 872,060 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

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.