Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives $84.44 Consensus PT from Analysts

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $84.44.

CCEP has been the subject of a number of research reports. Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price for the company. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. UBS Group lifted their price target 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. Finally, JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its holdings in Coca-Cola Europacific Partners by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock valued at $217,191,000 after acquiring an additional 32,776 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Coca-Cola Europacific Partners by 307.3% in the 3rd 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. Geode Capital Management LLC boosted its position in shares of Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock worth $160,138,000 after acquiring an additional 58,247 shares in the last quarter. Samlyn Capital LLC increased its stake in Coca-Cola Europacific Partners by 23.2% in the second quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock valued at $135,155,000 after acquiring an additional 349,466 shares during the last quarter. Finally, Millennium Management LLC raised its position in Coca-Cola Europacific Partners by 7.6% during the second quarter. Millennium Management LLC now owns 1,636,023 shares of the company’s stock valued at $119,217,000 after purchasing an additional 115,604 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

CCEP opened at $73.71 on Tuesday. 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 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. The company has a fifty day simple moving average of $76.98 and a 200 day simple moving average of $76.82.

Coca-Cola Europacific Partners Increases Dividend

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

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.