Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Rating Upgraded by Wall Street Zen

Coca-Cola Europacific Partners (NASDAQ:CCEP) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Other analysts have also recently issued research reports about the stock. Barclays upped their price target on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $91.10 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $41.99 billion, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 4.91 and a beta of 0.78. The firm’s fifty day simple moving average is $90.39 and its two-hundred day simple moving average is $84.59. Coca-Cola Europacific Partners has a 12 month low of $71.49 and a 12 month high of $94.74.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Several institutional investors have recently made changes to their positions in CCEP. Principal Financial Group Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 2.3% during the fourth quarter. Principal Financial Group Inc. now owns 16,910 shares of the company’s stock valued at $1,299,000 after purchasing an additional 375 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Coca-Cola Europacific Partners by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 643,090 shares of the company’s stock valued at $49,396,000 after purchasing an additional 3,719 shares during the period. Lake Street Advisors Group LLC raised its holdings in shares of Coca-Cola Europacific Partners by 10.8% during the fourth quarter. Lake Street Advisors Group LLC now owns 5,058 shares of the company’s stock valued at $388,000 after purchasing an additional 495 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at about $52,000. Finally, New York Life Investment Management LLC raised its holdings in shares of Coca-Cola Europacific Partners by 28.8% during the fourth quarter. New York Life Investment Management LLC now owns 4,545 shares of the company’s stock valued at $349,000 after purchasing an additional 1,015 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

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.