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

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its target price increased by stock analysts at UBS Group from $82.50 to $90.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 14.31% from the stock’s previous close.

CCEP has been the subject of a number of other research reports. Evercore ISI increased their target price on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research note on Tuesday, September 10th. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. Finally, Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average price target of $84.44.

Coca-Cola Europacific Partners Trading Down 0.2 %

Shares of NASDAQ:CCEP traded down $0.14 during midday trading on Thursday, reaching $78.73. The company had a trading volume of 211,604 shares, compared to its average volume of 1,404,144. The company has a fifty day simple moving average of $77.39 and a two-hundred day simple moving average of $76.44. The firm has a market cap of $35.96 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 3.79 and a beta of 0.90. Coca-Cola Europacific Partners has a 1-year low of $63.80 and a 1-year high of $82.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Several hedge funds and other institutional investors have recently modified their holdings of the stock. New Millennium Group LLC acquired a new stake in Coca-Cola Europacific Partners during the 2nd quarter valued at $37,000. Whittier Trust Co. of Nevada Inc. increased its position in Coca-Cola Europacific Partners by 38.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after purchasing an additional 139 shares during the period. Plato Investment Management Ltd bought a new position in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at about $50,000. Family Firm Inc. bought a new stake in shares of Coca-Cola Europacific Partners during the second quarter worth approximately $56,000. Finally, Brown Brothers Harriman & Co. boosted its stake in Coca-Cola Europacific Partners by 1,604.0% in the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after acquiring an additional 802 shares during the last quarter. 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.