Coca-Cola Europacific Partners (NASDAQ:CCEP) Lowered to “Reduce” Rating by Kepler Capital Markets

Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) from a hold rating to a reduce rating in a research note published on Tuesday morning, MarketBeat Ratings reports.

Other equities analysts have also recently issued reports about the company. UBS Group boosted their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. Evercore ISI raised their target price on shares of 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. Sanford C. Bernstein assumed coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target on the stock. Finally, Barclays lowered their price objective on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Coca-Cola Europacific Partners Stock Performance

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

Institutional Trading of Coca-Cola Europacific Partners

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. World Investment Advisors LLC bought a new stake in Coca-Cola Europacific Partners in the third quarter worth $6,975,000. Transform Wealth LLC raised its position in shares of Coca-Cola Europacific Partners by 7.7% in the 4th quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock worth $10,653,000 after purchasing an additional 9,864 shares during the last quarter. Geode Capital Management LLC boosted its stake in Coca-Cola Europacific Partners by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock worth $160,138,000 after purchasing an additional 58,247 shares in the last quarter. Quantbot Technologies LP grew its position in Coca-Cola Europacific Partners by 617.2% during the 3rd quarter. Quantbot Technologies LP now owns 44,660 shares of the company’s stock valued at $3,517,000 after purchasing an additional 38,433 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its stake in Coca-Cola Europacific Partners by 28.7% during the 4th quarter. Vontobel Holding Ltd. now owns 329,422 shares of the company’s stock valued at $24,651,000 after purchasing an additional 73,393 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

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.