Coca-Cola Europacific Partners (NASDAQ:CCEP) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $100.80.

A number of research firms have commented on CCEP. UBS Group reduced their target price on Coca-Cola Europacific Partners from $105.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Barclays reiterated an “overweight” rating and issued a $101.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Friday. Bank of America restated a “neutral” rating and set a $96.00 target price (down from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $114.00 price target on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in shares of Coca-Cola Europacific Partners in the 3rd quarter worth about $31,000. First Command Advisory Services Inc. raised its position in Coca-Cola Europacific Partners by 1,800.0% during the third quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock worth $33,000 after acquiring an additional 342 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 61.3% in the second quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $34,000 after purchasing an additional 138 shares in the last quarter. Westerkirk Capital Inc. acquired a new stake in shares of Coca-Cola Europacific Partners in the second quarter valued at approximately $37,000. Finally, MAI Capital Management increased its stake in shares of Coca-Cola Europacific Partners by 113.4% during the 2nd quarter. MAI Capital Management now owns 414 shares of the company’s stock worth $38,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

CCEP opened at $89.29 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. Coca-Cola Europacific Partners has a 12 month low of $76.04 and a 12 month high of $100.67. The business has a 50 day simple moving average of $90.47 and a 200-day simple moving average of $91.30.

Coca-Cola Europacific Partners Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Friday, November 14th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a yield of 277.0%.

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.