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

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $84.11.

A number of equities research analysts have weighed in on CCEP shares. Barclays dropped their price target on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target on the stock. Evercore ISI lifted their price objective on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, UBS Group boosted their price target on shares of 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.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

A number of institutional investors and hedge funds have recently modified their holdings of CCEP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 buying an additional 1,839,321 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at $52,364,000. Vontobel Holding Ltd. raised its stake in Coca-Cola Europacific Partners by 2,575.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock worth $20,244,000 after acquiring an additional 246,458 shares in the last quarter. SG Americas Securities LLC lifted its position in Coca-Cola Europacific Partners by 120.8% in the fourth quarter. SG Americas Securities LLC now owns 433,121 shares of the company’s stock valued at $33,268,000 after acquiring an additional 236,917 shares during the last quarter. Finally, Generate Investment Management Ltd purchased a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth about $14,195,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Down 1.0 %

NASDAQ CCEP opened at $78.55 on Friday. Coca-Cola Europacific Partners has a twelve month low of $65.77 and a twelve month high of $82.32. The stock has a fifty day simple moving average of $76.94 and a 200-day simple moving average of $77.13. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

Coca-Cola Europacific Partners Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were paid a $1.34 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a yield of 2.6%. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79.

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.