Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target Raised to $115.00 at Wells Fargo & Company

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target lifted by Wells Fargo & Company from $110.00 to $115.00 in a research report report published on Wednesday, MarketBeat Ratings reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Barclays increased their price objective on shares of Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Finally, UBS Group raised their price objective on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.12.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $105.43 on Wednesday. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $110.90. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. The stock’s 50 day moving average price is $96.44 and its two-hundred day moving average price is $95.83.

Coca-Cola Europacific Partners Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, May 27th. Stockholders of record on Friday, May 15th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a dividend yield of 213.0%.

Institutional Trading of Coca-Cola Europacific Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gradient Investments LLC raised its position in Coca-Cola Europacific Partners by 5.8% in the 2nd quarter. Gradient Investments LLC now owns 58,841 shares of the company’s stock valued at $5,888,000 after buying an additional 3,241 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Coca-Cola Europacific Partners by 17.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 28,007 shares of the company’s stock worth $2,803,000 after acquiring an additional 4,150 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Coca-Cola Europacific Partners by 31.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,086 shares of the company’s stock worth $109,000 after acquiring an additional 260 shares during the last quarter. Eastern Bank bought a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter worth $49,000. Finally, Ballast Advisors LLC bought a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter worth $200,000. 31.35% of the stock is owned by institutional investors.

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.