Coca-Cola Europacific Partners (NYSE:CCEP) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Coca-Cola Europacific Partners (NYSE:CCEP – Get Rating) in a report released on Thursday. The firm set a “buy” rating on the stock.

A number of other research firms also recently weighed in on CCEP. Deutsche Bank Aktiengesellschaft upped their price target on shares of Coca-Cola Europacific Partners from $63.00 to $66.00 in a research note on Thursday, January 5th. Barclays dropped their price target on shares of Coca-Cola Europacific Partners from $69.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Coca-Cola Europacific Partners to €66.50 ($71.51) and gave the stock an “overweight” rating in a research report on Thursday, December 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.62.

Coca-Cola Europacific Partners Price Performance

Shares of NYSE:CCEP opened at $55.82 on Thursday. The company’s fifty day moving average is $55.69 and its two-hundred day moving average is $51.69. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.89 and a quick ratio of 0.71. Coca-Cola Europacific Partners has a 12-month low of $41.80 and a 12-month high of $57.63.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in CCEP. B. Riley Wealth Advisors Inc. bought a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter valued at $484,000. Truist Financial Corp boosted its holdings in Coca-Cola Europacific Partners by 4.3% during the 4th quarter. Truist Financial Corp now owns 76,666 shares of the company’s stock valued at $4,241,000 after acquiring an additional 3,157 shares during the period. Cerity Partners LLC bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $443,000. Schonfeld Strategic Advisors LLC increased its position in Coca-Cola Europacific Partners by 46.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 473,064 shares of the company’s stock valued at $26,170,000 after buying an additional 148,939 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in Coca-Cola Europacific Partners during the 4th quarter valued at approximately $388,000. 28.63% of the stock is owned by institutional investors and hedge funds.

About Coca-Cola Europacific Partners

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Coca-Cola Europacific Partners plc engages in the distribution and sale of non-alcoholic ready to drink beverages. It operates through the following geographical segments: Iberia, Germany, Great Britain, France, Belgium/Luxembourg, Netherlands, Norway, Sweden, and Iceland. The company was founded on August 4, 2015 and is headquartered in Uxbridge, the United Kingdom.