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

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $88.50.

Several equities analysts recently commented on CCEP shares. Barclays boosted their target price on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Evercore ISI raised their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. UBS Group raised their target price on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Finally, Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $89.44 on Monday. Coca-Cola Europacific Partners has a 52 week low of $70.82 and a 52 week high of $91.37. The business has a 50-day simple moving average of $86.50 and a 200 day simple moving average of $81.35. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The stock has a market cap of $41.23 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 4.89 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be paid a $0.8993 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a dividend yield of 2.4%. Coca-Cola Europacific Partners’s dividend payout ratio (DPR) is 16.26%.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

A number of institutional investors have recently made changes to their positions in CCEP. Assetmark Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 107.3% in the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock valued at $25,000 after acquiring an additional 147 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $27,000. NBC Securities Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the first quarter valued at approximately $28,000. Optiver Holding B.V. purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $29,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 204.2% during the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock valued at $32,000 after purchasing an additional 245 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Company Profile

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.