Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Short Interest Update

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 5,260,000 shares, a growth of 5.6% from the March 15th total of 4,980,000 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average daily trading volume, of 1,560,000 shares, the short-interest ratio is currently 3.4 days.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC bought a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $28,000. Harbour Investments Inc. bought a new position in Coca-Cola Europacific Partners in the fourth quarter worth $31,000. Voisard Asset Management Group Inc. bought a new position in Coca-Cola Europacific Partners in the fourth quarter worth $33,000. KB Financial Partners LLC bought a new position in Coca-Cola Europacific Partners in the first quarter worth $33,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Coca-Cola Europacific Partners by 220.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock worth $34,000 after purchasing an additional 352 shares during the period. 31.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on CCEP shares. Deutsche Bank Aktiengesellschaft increased their price objective on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Argus increased their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. UBS Group increased their price target on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 26th. Barclays increased their price target on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Finally, BNP Paribas upgraded Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target on the stock in a report on Friday, January 12th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.02.

Coca-Cola Europacific Partners Price Performance

CCEP opened at $66.35 on Thursday. Coca-Cola Europacific Partners has a 1-year low of $56.28 and a 1-year high of $72.67. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72. The business has a 50 day moving average of $69.30 and a 200-day moving average of $65.22.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last posted its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, meeting the consensus estimate of $1.85. On average, equities analysts expect that Coca-Cola Europacific Partners will post 4.18 EPS for the current fiscal year.

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.