Coca-Cola Europacific Partners PLC (NYSE:CCEP) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Coca-Cola Europacific Partners PLC (NYSE:CCEPGet Rating) have been given an average recommendation of “Moderate Buy” by the eleven research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $61.27.

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Coca-Cola Europacific Partners to €66.50 ($71.51) and gave the company an “overweight” rating in a report on Thursday, December 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Coca-Cola Europacific Partners from $63.00 to $66.00 in a research report on Thursday, January 5th. StockNews.com lowered shares of Coca-Cola Europacific Partners from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 29th. Finally, Barclays cut their target price on shares of Coca-Cola Europacific Partners from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, November 8th.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

A number of hedge funds have recently modified their holdings of the company. Naples Global Advisors LLC boosted its position in shares of Coca-Cola Europacific Partners by 1.6% in the second quarter. Naples Global Advisors LLC now owns 12,325 shares of the company’s stock worth $636,000 after purchasing an additional 200 shares during the period. Neo Ivy Capital Management boosted its position in shares of Coca-Cola Europacific Partners by 26.5% in the third quarter. Neo Ivy Capital Management now owns 1,002 shares of the company’s stock worth $43,000 after purchasing an additional 210 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Coca-Cola Europacific Partners by 33.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 892 shares of the company’s stock worth $46,000 after acquiring an additional 223 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its position in shares of Coca-Cola Europacific Partners by 3.3% during the second quarter. Vestmark Advisory Solutions Inc. now owns 8,060 shares of the company’s stock worth $416,000 after acquiring an additional 254 shares during the last quarter. Finally, NewEdge Wealth LLC boosted its position in shares of Coca-Cola Europacific Partners by 3.5% during the second quarter. NewEdge Wealth LLC now owns 8,076 shares of the company’s stock worth $417,000 after acquiring an additional 270 shares during the last quarter. 28.63% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

CCEP opened at $56.29 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.94 and a quick ratio of 0.75. The firm has a 50 day moving average price of $53.55 and a 200-day moving average price of $50.71. Coca-Cola Europacific Partners has a twelve month low of $41.80 and a twelve month high of $59.76.

Coca-Cola Europacific Partners Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, December 7th. Shareholders of record on Friday, November 18th were given a $1.11 dividend. This is a positive change from Coca-Cola Europacific Partners’s previous semi-annual dividend of $1.00. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, November 17th.

About Coca-Cola Europacific Partners

(Get Rating)

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. The company 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.

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Analyst Recommendations for Coca-Cola Europacific Partners (NYSE:CCEP)

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