Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives $107.71 Consensus Target Price from Analysts
by Renee Jackson · The Cerbat GemCoca-Cola Europacific Partners (NASDAQ:CCEP – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $107.7143.
Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Barclays upped their target price on Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. The Goldman Sachs Group increased their price target on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. UBS Group raised their price target on Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Finally, Evercore restated an “outperform” rating and set a $112.00 price target on shares of Coca-Cola Europacific Partners in a research note on Wednesday, February 18th.
Check Out Our Latest Research Report on CCEP
Coca-Cola Europacific Partners Stock Performance
Shares of NASDAQ:CCEP opened at $92.48 on Thursday. Coca-Cola Europacific Partners has a 1-year low of $81.00 and a 1-year high of $110.90. The firm’s 50 day simple moving average is $98.18 and its two-hundred day simple moving average is $92.85. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23.
Institutional Trading of Coca-Cola Europacific Partners
Several large investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. lifted its stake in shares of Coca-Cola Europacific Partners by 6.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 39,196 shares of the company’s stock worth $3,555,000 after buying an additional 2,516 shares during the period. Larry Mathis Financial Planning LLC acquired a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $209,000. Corient Private Wealth LLC increased its position in shares of Coca-Cola Europacific Partners by 22.3% in the 4th quarter. Corient Private Wealth LLC now owns 8,728 shares of the company’s stock valued at $792,000 after acquiring an additional 1,593 shares during the period. Bayban purchased a new position in Coca-Cola Europacific Partners in the 4th quarter worth $25,000. Finally, EJMK Ventures LLC purchased a new position in Coca-Cola Europacific Partners in the 4th quarter worth $497,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.
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.