Barclays Raises Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target to $114.00

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target boosted by research analysts at Barclays from $108.00 to $114.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 7.67% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Weiss Ratings lowered shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. UBS Group raised their target price on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wells Fargo & Company lifted their target price on shares of Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, July 2nd. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $107.88.

Coca-Cola Europacific Partners Stock Up 0.7%

Coca-Cola Europacific Partners stock opened at $105.88 on Tuesday. The stock has a 50 day moving average of $98.74 and a two-hundred day moving average of $96.82. Coca-Cola Europacific Partners has a twelve month low of $84.65 and a twelve month high of $110.90. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Several hedge funds have recently bought and sold shares of the company. Bayban purchased a new stake in Coca-Cola Europacific Partners during the fourth quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Coca-Cola Europacific Partners by 407.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock valued at $32,000 after buying an additional 285 shares in the last quarter. Whipplewood Advisors LLC increased its position in shares of Coca-Cola Europacific Partners by 1,537.5% in the first quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock valued at $36,000 after buying an additional 369 shares in the last quarter. Quarry LP raised its stake in shares of Coca-Cola Europacific Partners by 59.1% during the 4th quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after buying an additional 146 shares during the last quarter. Finally, 1248 Management LLC acquired a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth $38,000. 31.35% of the stock is owned by hedge funds and other 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.