Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives $107.71 Average Price Target from Analysts

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) have been given an average recommendation of “Moderate Buy” by the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $107.7143.

CCEP has been the subject of several research reports. The Goldman Sachs Group lifted their target price on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. Barclays raised their price objective on shares of Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Tuesday, January 27th. Finally, UBS Group upped their target price on shares of Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th.

Coca-Cola Europacific Partners Stock Down 0.8%

Shares of NASDAQ CCEP opened at $100.46 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a twelve month low of $81.00 and a twelve month high of $110.90. The stock has a fifty day simple moving average of $96.65 and a 200-day simple moving average of $92.34.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Several institutional investors have recently modified their holdings of CCEP. Choreo LLC increased its position in shares of Coca-Cola Europacific Partners by 4.5% during the second quarter. Choreo LLC now owns 2,733 shares of the company’s stock worth $253,000 after acquiring an additional 118 shares during the period. Park Avenue Securities LLC boosted its holdings in Coca-Cola Europacific Partners by 1.9% in the fourth quarter. Park Avenue Securities LLC now owns 6,373 shares of the company’s stock valued at $578,000 after purchasing an additional 119 shares during the period. Concurrent Investment Advisors LLC grew its stake in Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 4,323 shares of the company’s stock worth $391,000 after purchasing an additional 123 shares in the last quarter. Howard Capital Management Inc. increased its holdings in Coca-Cola Europacific Partners by 2.9% during the 4th quarter. Howard Capital Management Inc. now owns 4,451 shares of the company’s stock worth $404,000 after purchasing an additional 125 shares during the period. Finally, Aaron Wealth Advisors LLC increased its holdings in Coca-Cola Europacific Partners by 5.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,728 shares of the company’s stock worth $247,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

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.