Brokerages Set Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Price Target at $84.11

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have earned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $84.11.

CCEP has been the subject of several research analyst reports. Evercore ISI increased their price objective on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Barclays reduced their price objective on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. Sanford C. Bernstein initiated coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective for the company. Finally, UBS Group increased their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Several institutional investors have recently bought and sold shares of CCEP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Coca-Cola Europacific Partners by 307.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock worth $191,984,000 after acquiring an additional 1,839,321 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth $52,364,000. Vontobel Holding Ltd. raised its position in shares of Coca-Cola Europacific Partners by 2,575.0% during the third quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock worth $20,244,000 after acquiring an additional 246,458 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Coca-Cola Europacific Partners by 120.8% during the fourth quarter. SG Americas Securities LLC now owns 433,121 shares of the company’s stock worth $33,268,000 after acquiring an additional 236,917 shares during the last quarter. Finally, Generate Investment Management Ltd bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $14,195,000. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 1.6 %

NASDAQ:CCEP opened at $79.12 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners has a 1-year low of $65.77 and a 1-year high of $82.32. The stock has a fifty day simple moving average of $76.95 and a 200 day simple moving average of $77.28.

About Coca-Cola Europacific Partners

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.