Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $84.44.

A number of analysts have issued reports on the stock. Evercore ISI lifted their target price on shares of 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. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price for the company. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, UBS Group raised 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 research note on Thursday, December 12th.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Hedge funds and other institutional investors have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. grew its position in Coca-Cola Europacific Partners by 38.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock valued at $40,000 after acquiring an additional 139 shares during the period. Plato Investment Management Ltd bought a new position in shares of Coca-Cola Europacific Partners in the third quarter valued at about $50,000. Brown Brothers Harriman & Co. grew its holdings in Coca-Cola Europacific Partners by 1,604.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock worth $67,000 after acquiring an additional 802 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Coca-Cola Europacific Partners by 21.5% in the third quarter. Blue Trust Inc. now owns 1,023 shares of the company’s stock worth $75,000 after acquiring an additional 181 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the second quarter valued at approximately $81,000. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Trading Down 2.9 %

Coca-Cola Europacific Partners stock opened at $73.71 on Tuesday. The stock has a market cap of $33.98 billion, a P/E ratio of 16.45, a P/E/G ratio of 3.85 and a beta of 0.90. Coca-Cola Europacific Partners has a 12 month low of $64.75 and a 12 month high of $82.32. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The company’s fifty day simple moving average is $76.98 and its 200-day simple moving average is $76.82.

Coca-Cola Europacific Partners Increases Dividend

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

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.