Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives $100.80 Consensus Target Price from Analysts

Coca-Cola Europacific Partners (NASDAQ:CCEP) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $100.80.

CCEP has been the subject of several research reports. UBS Group cut their price objective on Coca-Cola Europacific Partners from $105.00 to $103.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $114.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, January 9th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $96.00 target price (down from $102.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, January 14th.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $99.51 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The company’s 50-day moving average price is $91.31 and its 200 day moving average price is $90.71. Coca-Cola Europacific Partners has a 52 week low of $80.70 and a 52 week high of $100.67.

Institutional Trading of Coca-Cola Europacific Partners

Hedge funds have recently added to or reduced their stakes in the business. Mather Group LLC. purchased a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter worth about $31,000. First Command Advisory Services Inc. raised its stake in Coca-Cola Europacific Partners by 1,800.0% during the third quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock worth $33,000 after purchasing an additional 342 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 61.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $34,000 after purchasing an additional 138 shares during the last quarter. Quarry LP grew its stake in shares of Coca-Cola Europacific Partners by 59.1% during the 4th quarter. Quarry LP now owns 393 shares of the company’s stock valued at $36,000 after buying an additional 146 shares during the period. Finally, Westerkirk Capital Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the 2nd quarter valued at $37,000. 31.35% of the stock is owned by institutional investors and hedge funds.

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.