Barclays Forecasts Strong Price Appreciation for Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price objective raised by Barclays from $98.00 to $99.00 in a report released on Thursday,Benzinga reports. Barclays currently has an overweight rating on the stock.

CCEP has been the subject of a number of other reports. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target for the company. UBS Group boosted their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $87.00.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $86.26 on Thursday. The company has a fifty day moving average price of $82.58 and a 200 day moving average price of $79.30. Coca-Cola Europacific Partners has a 1-year low of $65.94 and a 1-year high of $88.39. The firm has a market cap of $39.76 billion, a PE ratio of 17.75, a PEG ratio of 4.89 and a beta of 0.91. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several hedge funds have recently bought and sold shares of CCEP. World Investment Advisors LLC bought a new stake in Coca-Cola Europacific Partners in the third quarter valued at approximately $6,975,000. Amundi increased its holdings in shares of Coca-Cola Europacific Partners by 2.9% during the 4th quarter. Amundi now owns 3,078,851 shares of the company’s stock worth $233,716,000 after acquiring an additional 87,675 shares during the last quarter. Transform Wealth LLC raised its stake in Coca-Cola Europacific Partners by 7.7% in the 4th quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock valued at $10,653,000 after acquiring an additional 9,864 shares during the period. Catalyst Funds Management Pty Ltd acquired a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at $12,075,000. Finally, Geode Capital Management LLC lifted its holdings in Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after purchasing an additional 58,247 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.