Analysts Set Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Price Target at $84.44

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has been given an average rating of “Moderate Buy” by the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $84.44.

A number of analysts have recently issued reports on CCEP shares. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target for the company. UBS Group lifted their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research note on Tuesday, September 10th.

Institutional Trading of Coca-Cola Europacific Partners

A number of institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its position in Coca-Cola Europacific Partners by 0.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 46,994 shares of the company’s stock valued at $3,424,000 after buying an additional 186 shares during the period. Genesee Capital Advisors LLC grew its stake in shares of Coca-Cola Europacific Partners by 1.9% in the second quarter. Genesee Capital Advisors LLC now owns 11,891 shares of the company’s stock worth $867,000 after purchasing an additional 217 shares during the last quarter. Raymond James & Associates increased its holdings in Coca-Cola Europacific Partners by 10.4% during the 2nd quarter. Raymond James & Associates now owns 217,161 shares of the company’s stock valued at $15,825,000 after purchasing an additional 20,443 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in Coca-Cola Europacific Partners by 8.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 13,202 shares of the company’s stock worth $962,000 after buying an additional 996 shares during the period. Finally, &PARTNERS grew its position in shares of Coca-Cola Europacific Partners by 175.7% in the 2nd quarter. &PARTNERS now owns 8,138 shares of the company’s stock worth $593,000 after buying an additional 5,186 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 0.2 %

Shares of CCEP stock opened at $77.55 on Friday. Coca-Cola Europacific Partners has a 52-week low of $64.02 and a 52-week high of $82.32. The business’s fifty day moving average is $77.48 and its 200 day moving average is $76.63. 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 Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were given a dividend of $1.34 per share. This represents a yield of 2.6%. This is a positive change from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. The ex-dividend date of this dividend was Friday, November 15th.

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.