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

Coca-Cola Europacific Partners (NASDAQ:CCEP) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $99.3333.

CCEP has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, November 28th.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $91.37 on Tuesday. The company has a fifty day moving average price of $90.63 and a 200 day moving average price of $91.70. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. Coca-Cola Europacific Partners has a 12 month low of $73.40 and a 12 month high of $100.67.

Coca-Cola Europacific Partners Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Friday, November 14th were paid a dividend of $1.25 per share. This represents a dividend yield of 277.0%. The ex-dividend date was Friday, November 14th.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Several institutional investors have recently bought and sold shares of the company. Jump Financial LLC lifted its stake in shares of Coca-Cola Europacific Partners by 503.4% in the 1st quarter. Jump Financial LLC now owns 21,607 shares of the company’s stock worth $1,880,000 after acquiring an additional 18,026 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in Coca-Cola Europacific Partners during the first quarter worth about $2,837,000. ICONIQ Capital LLC purchased a new position in Coca-Cola Europacific Partners during the first quarter worth about $213,000. Synovus Financial Corp lifted its position in Coca-Cola Europacific Partners by 178.8% in the first quarter. Synovus Financial Corp now owns 34,809 shares of the company’s stock valued at $3,029,000 after purchasing an additional 22,324 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Coca-Cola Europacific Partners by 45.7% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 29,433 shares of the company’s stock valued at $2,562,000 after purchasing an additional 9,233 shares in the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Company Profile

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.