Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target Raised to $115.00 at Wells Fargo & Company

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target upped by equities research analysts at Wells Fargo & Company from $110.00 to $115.00 in a report released on Wednesday, Marketbeat.com reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 7.98% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on CCEP. Weiss Ratings cut Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Barclays lifted their price objective on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. UBS Group increased their target price on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.12.

Coca-Cola Europacific Partners Trading Down 0.4%

Shares of NASDAQ CCEP opened at $106.50 on Wednesday. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $110.90. The stock has a 50 day moving average price of $96.25 and a 200 day moving average price of $95.73. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several institutional investors have recently bought and sold shares of the company. Bayban acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in Coca-Cola Europacific Partners by 407.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock valued at $32,000 after buying an additional 285 shares during the last quarter. Whipplewood Advisors LLC boosted its holdings in Coca-Cola Europacific Partners by 1,537.5% in the first quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock worth $36,000 after acquiring an additional 369 shares in the last quarter. Quarry LP boosted its holdings in Coca-Cola Europacific Partners by 59.1% in the fourth quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after acquiring an additional 146 shares in the last quarter. Finally, 1248 Management LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth about $38,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

About Coca-Cola Europacific Partners

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.