Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives $92.40 Average Target Price from Analysts

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) have earned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $92.40.

Several research analysts have commented on the stock. Morgan Stanley cut shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Finally, Barclays decreased their price objective on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a report on Friday, August 8th.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP opened at $88.19 on Monday. Coca-Cola Europacific Partners has a 52 week low of $73.40 and a 52 week high of $100.67. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. The stock has a market cap of $40.65 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 2.54 and a beta of 0.77. The company has a 50-day moving average price of $89.20 and a two-hundred day moving average price of $91.30.

Coca-Cola Europacific Partners Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Friday, November 14th will be issued a dividend of $1.25 per share. This represents a dividend yield of 283.0%. The ex-dividend date of this dividend is Friday, November 14th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several hedge funds have recently made changes to their positions in the company. TIAA Trust National Association lifted its position in shares of Coca-Cola Europacific Partners by 3.2% in the 2nd quarter. TIAA Trust National Association now owns 3,345 shares of the company’s stock valued at $310,000 after acquiring an additional 103 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Coca-Cola Europacific Partners by 6.0% in the 1st quarter. Private Trust Co. NA now owns 2,022 shares of the company’s stock valued at $176,000 after acquiring an additional 115 shares in the last quarter. Choreo LLC lifted its position in shares of Coca-Cola Europacific Partners by 4.5% in the 2nd quarter. Choreo LLC now owns 2,733 shares of the company’s stock valued at $253,000 after acquiring an additional 118 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Coca-Cola Europacific Partners by 2.9% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 4,323 shares of the company’s stock valued at $391,000 after acquiring an additional 123 shares in the last quarter. Finally, BKM Wealth Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 1.6% in the 1st quarter. BKM Wealth Management LLC now owns 7,834 shares of the company’s stock valued at $682,000 after acquiring an additional 124 shares in the last quarter. Hedge funds and other institutional investors 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.