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 a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $84.44.

CCEP has been the topic of several recent research reports. UBS Group lifted their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Evercore ISI increased their target price on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Sanford C. Bernstein initiated coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 9th.

Coca-Cola Europacific Partners Trading Down 1.0 %

Shares of CCEP stock opened at $74.71 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners has a fifty-two week low of $64.25 and a fifty-two week high of $82.32. The firm’s 50 day moving average price is $77.37 and its two-hundred day moving average price is $76.61. The stock has a market cap of $34.13 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 3.85 and a beta of 0.90.

Coca-Cola Europacific Partners Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a $1.34 dividend. The ex-dividend date was Friday, November 15th. This represents a dividend yield of 2.6%. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. Coca-Cola Europacific Partners’s payout ratio is presently 35.27%.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

A number of hedge funds have recently bought and sold shares of CCEP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Coca-Cola Europacific Partners by 307.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock valued at $191,984,000 after buying an additional 1,839,321 shares in the last quarter. Point72 Asset Management L.P. raised 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 in the last quarter. Janus Henderson Group PLC bought a new position in Coca-Cola Europacific Partners during the third quarter worth $52,364,000. Point72 Europe London LLP acquired a new position in Coca-Cola Europacific Partners in the second quarter worth $26,341,000. Finally, Samlyn Capital LLC increased its stake in Coca-Cola Europacific Partners by 23.2% during the second quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock valued at $135,155,000 after purchasing an additional 349,466 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

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.