Barclays Raises Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target to $98.00

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target upped by equities researchers at Barclays from $92.00 to $98.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 15.75% from the stock’s previous close.

A number of other equities analysts also recently weighed in on CCEP. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Evercore ISI increased their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. UBS Group upped their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target for the company. Finally, JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.67.

Coca-Cola Europacific Partners Stock Down 0.0 %

CCEP traded down $0.03 during trading on Thursday, reaching $84.66. The company had a trading volume of 481,389 shares, compared to its average volume of 1,340,760. The business’s fifty day moving average price is $79.92 and its 200 day moving average price is $78.79. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. Coca-Cola Europacific Partners has a 12 month low of $65.94 and a 12 month high of $88.39. The company has a market cap of $39.03 billion, a P/E ratio of 17.42, a PEG ratio of 4.89 and a beta of 0.91.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CCEP. Private Advisor Group LLC boosted its holdings in Coca-Cola Europacific Partners by 14.8% in the 3rd quarter. Private Advisor Group LLC now owns 4,230 shares of the company’s stock valued at $333,000 after purchasing an additional 545 shares during the period. National Pension Service boosted its stake in shares of Coca-Cola Europacific Partners by 7.9% in the third quarter. National Pension Service now owns 449,656 shares of the company’s stock valued at $35,410,000 after buying an additional 33,082 shares during the period. Asset Management One Co. Ltd. grew its position in Coca-Cola Europacific Partners by 3.3% during the third quarter. Asset Management One Co. Ltd. now owns 74,088 shares of the company’s stock worth $5,834,000 after buying an additional 2,361 shares in the last quarter. Legacy Capital Wealth Partners LLC raised its holdings in Coca-Cola Europacific Partners by 87.7% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 10,481 shares of the company’s stock valued at $825,000 after acquiring an additional 4,898 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. bought a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter valued at $216,000. 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.