Coca-Cola Europacific Partners (NYSE:CCEP – Get Free Report) had its price objective raised by research analysts at JPMorgan Chase & Co. from $72.50 to $77.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 29.41% from the stock’s current price.
A number of other research firms also recently issued reports on CCEP. StockNews.com downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Evercore ISI cut their price target on shares of Coca-Cola Europacific Partners from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, October 9th. Credit Suisse Group raised their price target on shares of Coca-Cola Europacific Partners to €68.00 ($74.73) in a report on Tuesday, August 15th. Finally, Barclays cut their price target on shares of Coca-Cola Europacific Partners from $74.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.64.
Coca-Cola Europacific Partners Trading Down 0.9 %
CCEP stock traded down $0.54 during midday trading on Wednesday, reaching $59.50. The company had a trading volume of 796,258 shares, compared to its average volume of 1,138,829. Coca-Cola Europacific Partners has a 1 year low of $51.21 and a 1 year high of $66.79. The company has a quick ratio of 0.66, a current ratio of 0.85 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average of $60.13 and a two-hundred day moving average of $62.60.
Institutional Trading of Coca-Cola Europacific Partners
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. KBC Group NV grew its position in Coca-Cola Europacific Partners by 0.6% in the 2nd quarter. KBC Group NV now owns 30,115 shares of the company’s stock worth $1,940,000 after purchasing an additional 188 shares during the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of Coca-Cola Europacific Partners by 5.5% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 3,771 shares of the company’s stock valued at $236,000 after acquiring an additional 196 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Coca-Cola Europacific Partners by 0.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,434 shares of the company’s stock valued at $3,163,000 after acquiring an additional 200 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its position in shares of Coca-Cola Europacific Partners by 2.4% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 8,700 shares of the company’s stock valued at $561,000 after acquiring an additional 200 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Coca-Cola Europacific Partners by 0.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 29,967 shares of the company’s stock valued at $1,773,000 after acquiring an additional 233 shares in the last quarter. 29.50% 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.