Coca-Cola Europacific Partners (NASDAQ:CCEP) Reaches New 52-Week High – What’s Next?

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $88.39 and last traded at $87.20, with a volume of 2375979 shares trading hands. The stock had previously closed at $87.29.

Wall Street Analyst Weigh In

Several research analysts recently commented on CCEP shares. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday. 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 report on Tuesday, February 18th. Barclays decreased their price target on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and an average target price of $85.00.

Coca-Cola Europacific Partners Trading Up 0.0 %

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 capitalization of $39.70 billion, a PE ratio of 17.72, a PEG ratio of 4.89 and a beta of 0.91. The business’s 50-day moving average is $78.90 and its two-hundred day moving average is $78.42.

Institutional Trading of Coca-Cola Europacific Partners

Several institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. increased its position in Coca-Cola Europacific Partners by 26.3% during the fourth quarter. Invesco Ltd. now owns 10,119,928 shares of the company’s stock worth $777,312,000 after buying an additional 2,105,019 shares during the period. FMR LLC increased its holdings in shares of Coca-Cola Europacific Partners by 3.3% in the 4th quarter. FMR LLC now owns 7,234,642 shares of the company’s stock valued at $555,693,000 after acquiring an additional 229,679 shares during the period. Amundi raised its position in Coca-Cola Europacific Partners by 2.9% in the 4th quarter. Amundi now owns 3,078,851 shares of the company’s stock valued at $233,716,000 after purchasing an additional 87,675 shares during the last quarter. JPMorgan Chase & Co. raised its position in Coca-Cola Europacific Partners by 43.3% in the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock valued at $221,835,000 after purchasing an additional 872,060 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Coca-Cola Europacific Partners by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock worth $217,191,000 after purchasing an additional 32,776 shares during the period. 31.35% of the stock is owned by hedge funds and other institutional investors.

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.