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

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $79.78.

Several analysts have weighed in on CCEP shares. Bank of America lifted their price objective on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. BNP Paribas cut 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 research report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 9th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC lifted its position in shares of Coca-Cola Europacific Partners by 2.6% during the 2nd quarter. Signaturefd LLC now owns 5,735 shares of the company’s stock worth $418,000 after buying an additional 147 shares in the last quarter. Waverly Advisors LLC increased its position in shares of Coca-Cola Europacific Partners by 1.0% in the first quarter. Waverly Advisors LLC now owns 14,856 shares of the company’s stock worth $1,039,000 after purchasing an additional 151 shares during the last quarter. Legacy Financial Advisors Inc. raised its position in shares of Coca-Cola Europacific Partners by 3.8% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 4,605 shares of the company’s stock valued at $336,000 after buying an additional 168 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 0.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 46,994 shares of the company’s stock worth $3,424,000 after acquiring an additional 186 shares during the last quarter. Finally, Genesee Capital Advisors LLC increased its stake in Coca-Cola Europacific Partners by 1.9% in the second quarter. Genesee Capital Advisors LLC now owns 11,891 shares of the company’s stock valued at $867,000 after acquiring an additional 217 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Up 0.2 %

Shares of CCEP opened at $79.18 on Friday. The company’s 50-day moving average is $77.61 and its 200-day moving average is $74.03. 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 $56.28 and a fifty-two week high of $82.32.

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.