Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) have been given an average rating of “Moderate Buy” by the eleven analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $107.1250.

Several equities research analysts have recently commented on CCEP shares. Barclays increased 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. UBS Group increased their price target on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wells Fargo & Company lifted their price objective on shares of Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Weiss Ratings lowered shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th.

Institutional Trading of Coca-Cola Europacific Partners

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $363,294,000. Lazard Asset Management LLC increased its holdings in shares of Coca-Cola Europacific Partners by 310.4% during the 3rd quarter. Lazard Asset Management LLC now owns 2,329,999 shares of the company’s stock worth $210,802,000 after acquiring an additional 1,762,299 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Coca-Cola Europacific Partners in the 1st quarter valued at $97,058,000. Bank of America Corp DE raised its stake in Coca-Cola Europacific Partners by 32.8% in the 2nd quarter. Bank of America Corp DE now owns 2,870,553 shares of the company’s stock valued at $266,158,000 after acquiring an additional 709,723 shares during the period. Finally, Man Group plc lifted its holdings in Coca-Cola Europacific Partners by 219.8% during the 2nd quarter. Man Group plc now owns 1,001,770 shares of the company’s stock valued at $92,884,000 after purchasing an additional 688,506 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

CCEP stock traded up $0.75 during mid-day trading on Friday, reaching $105.84. The company had a trading volume of 1,285,627 shares, compared to its average volume of 1,812,254. 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 simple moving average of $96.84 and a two-hundred day simple moving average of $95.99. 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 Announces Dividend

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

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.