Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target Raised to $93.00

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its target price increased by JPMorgan Chase & Co. from $89.00 to $93.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other analysts have also issued reports on the company. Bank of America reissued a “neutral” rating and set a $96.00 price target (down previously from $102.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, January 14th. UBS Group boosted their price objective on Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the company a “buy” rating in a research note on Wednesday. The Goldman Sachs Group lifted their price target on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $114.00 target price on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $107.71.

Coca-Cola Europacific Partners Stock Up 1.0%

Shares of CCEP stock opened at $105.70 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a 12 month low of $80.70 and a 12 month high of $106.04. The company has a 50 day simple moving average of $92.70 and a two-hundred day simple moving average of $91.03.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several large investors have recently made changes to their positions in the company. Invesco Ltd. increased its stake in Coca-Cola Europacific Partners by 31.6% in the 3rd quarter. Invesco Ltd. now owns 15,610,379 shares of the company’s stock worth $1,411,334,000 after acquiring an additional 3,751,430 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Coca-Cola Europacific Partners by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,960,110 shares of the company’s stock worth $994,598,000 after buying an additional 278,083 shares in the last quarter. Boston Partners increased its holdings in shares of Coca-Cola Europacific Partners by 2.6% in the 3rd quarter. Boston Partners now owns 6,266,512 shares of the company’s stock worth $566,051,000 after buying an additional 156,613 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Coca-Cola Europacific Partners by 0.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,873,922 shares of the company’s stock worth $532,765,000 after buying an additional 38,339 shares during the last quarter. Finally, State Street Corp raised its position in shares of Coca-Cola Europacific Partners by 0.7% during the 3rd quarter. State Street Corp now owns 4,760,094 shares of the company’s stock valued at $430,360,000 after buying an additional 31,054 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.