Evercore ISI Issues Positive Forecast for Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Price

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its target price lifted by stock analysts at Evercore ISI from $78.00 to $82.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 6.14% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Barclays cut their target price on shares of Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Bank of America increased their price target on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, BNP Paribas downgraded Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average price target of $81.22.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP opened at $77.26 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. The business’s 50 day moving average price is $78.70 and its two-hundred day moving average price is $75.58. Coca-Cola Europacific Partners has a twelve month low of $59.31 and a twelve month high of $82.32.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

A number of large investors have recently added to or reduced their stakes in CCEP. Point72 Asset Management L.P. lifted its position in shares of Coca-Cola Europacific Partners by 144.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock valued at $87,788,000 after acquiring an additional 711,121 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Coca-Cola Europacific Partners during the first quarter worth about $47,839,000. Point72 Europe London LLP acquired a new stake in Coca-Cola Europacific Partners during the second quarter worth about $26,341,000. Samlyn Capital LLC increased its holdings in Coca-Cola Europacific Partners by 23.2% in the 2nd quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock valued at $135,155,000 after buying an additional 349,466 shares during the period. Finally, Vontobel Holding Ltd. raised its position in shares of Coca-Cola Europacific Partners by 2,575.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock valued at $20,244,000 after buying an additional 246,458 shares in the last quarter. Institutional investors and hedge funds 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.