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

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) have received an average rating of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $106.00.

Several research firms have weighed in on CCEP. Evercore reiterated an “outperform” rating and issued a $112.00 target price on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. Weiss Ratings lowered shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. The Goldman Sachs Group boosted their target price on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Barclays boosted their target price on shares of Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th.

Coca-Cola Europacific Partners Trading Down 2.5%

Shares of NASDAQ CCEP opened at $92.29 on Friday. Coca-Cola Europacific Partners has a 12-month low of $84.65 and a 12-month high of $110.90. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. The company has a 50-day moving average of $94.20 and a 200 day moving average of $94.27.

Coca-Cola Europacific Partners Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 15th were issued a $0.82 dividend. This represents a yield of 213.0%. The ex-dividend date was Friday, May 15th.

Institutional Trading of Coca-Cola Europacific Partners

Several institutional investors and hedge funds have recently bought and sold shares of CCEP. Bayban acquired a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Coca-Cola Europacific Partners by 407.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock worth $32,000 after buying an additional 285 shares in the last quarter. First Command Advisory Services Inc. lifted its holdings in Coca-Cola Europacific Partners by 1,800.0% during the 3rd quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock worth $33,000 after buying an additional 342 shares in the last quarter. Whipplewood Advisors LLC lifted its holdings in Coca-Cola Europacific Partners by 1,537.5% during the 1st quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock worth $36,000 after buying an additional 369 shares in the last quarter. Finally, Quarry LP lifted its holdings in Coca-Cola Europacific Partners by 59.1% during the 4th quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after buying an additional 146 shares in the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.