Barclays Raises Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target to $78.00

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price objective raised by equities research analysts at Barclays from $75.00 to $78.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 8.74% from the company’s current price.

Several other analysts also recently commented on the stock. StockNews.com raised shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Argus boosted their target price on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 target price for the company in a research note on Friday, January 12th. UBS Group boosted their target price on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $75.78.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock traded up $0.23 during trading hours on Monday, hitting $71.73. The company’s stock had a trading volume of 285,388 shares, compared to its average volume of 1,512,654. The company has a 50 day moving average of $69.62 and a 200 day moving average of $65.75. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. Coca-Cola Europacific Partners has a 12-month low of $56.28 and a 12-month high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last released its quarterly earnings data on Friday, February 23rd. The company reported $1.85 EPS for the quarter, meeting the consensus estimate of $1.85. Equities analysts expect that Coca-Cola Europacific Partners will post 4.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. China Universal Asset Management Co. Ltd. boosted its stake in Coca-Cola Europacific Partners by 126.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 2,060 shares of the company’s stock worth $144,000 after buying an additional 1,151 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Coca-Cola Europacific Partners by 14.2% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 85,514 shares of the company’s stock worth $5,982,000 after buying an additional 10,628 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in Coca-Cola Europacific Partners during the first quarter worth about $42,000. Simplicity Wealth LLC purchased a new position in Coca-Cola Europacific Partners during the first quarter worth about $684,000. Finally, Global Retirement Partners LLC boosted its stake in Coca-Cola Europacific Partners by 65.5% during the first quarter. Global Retirement Partners LLC now owns 1,322 shares of the company’s stock worth $92,000 after buying an additional 523 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

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.