Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have received an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $88.50.

Several research analysts have issued reports on CCEP shares. UBS Group boosted their target price on 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. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Evercore ISI boosted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, Barclays boosted their target price on 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.

Coca-Cola Europacific Partners Trading Up 0.9%

CCEP opened at $92.89 on Friday. The firm has a market cap of $42.82 billion, a P/E ratio of 19.11, a P/E/G ratio of 4.89 and a beta of 0.78. Coca-Cola Europacific Partners has a 12 month low of $71.49 and a 12 month high of $93.49. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The stock has a 50-day moving average of $88.66 and a 200 day moving average of $83.29.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were paid a dividend of $0.8993 per share. This represents a dividend yield of 2.4%. The ex-dividend date was Friday, May 16th. Coca-Cola Europacific Partners’s dividend payout ratio is presently 16.26%.

Institutional Trading of Coca-Cola Europacific Partners

Institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. raised its stake in Coca-Cola Europacific Partners by 107.3% in the first quarter. Assetmark Inc. now owns 284 shares of the company’s stock worth $25,000 after buying an additional 147 shares in the last quarter. NBC Securities Inc. bought a new position in Coca-Cola Europacific Partners in the first quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new position in Coca-Cola Europacific Partners in the fourth quarter worth approximately $27,000. Cullen Frost Bankers Inc. raised its stake in Coca-Cola Europacific Partners by 204.2% in the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock worth $32,000 after buying an additional 245 shares in the last quarter. Finally, Optiver Holding B.V. bought a new position in Coca-Cola Europacific Partners in the fourth quarter worth approximately $29,000. 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.