Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Short Interest Update

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 5,260,000 shares, a growth of 5.6% from the March 15th total of 4,980,000 shares. Approximately 2.6% of the company’s shares are sold short. Based on an average daily trading volume, of 1,560,000 shares, the days-to-cover ratio is currently 3.4 days.

Coca-Cola Europacific Partners Stock Down 0.9 %

CCEP stock opened at $66.45 on Wednesday. The firm’s fifty day simple moving average is $69.31 and its 200-day simple moving average is $65.21. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. Coca-Cola Europacific Partners has a 12 month low of $56.28 and a 12 month high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last released its quarterly earnings data on Friday, February 23rd. The company reported $1.85 EPS for the quarter, meeting the consensus estimate of $1.85. Equities analysts anticipate that Coca-Cola Europacific Partners will post 4.18 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CCEP. BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target for the company in a report on Friday, January 12th. UBS Group boosted their price target on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 26th. Argus boosted their price target on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Barclays boosted their price target on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.02.

Institutional Trading of Coca-Cola Europacific Partners

Several large investors have recently made changes to their positions in the business. NBC Securities Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 12.9% in the 4th quarter. NBC Securities Inc. now owns 1,326 shares of the company’s stock valued at $88,000 after acquiring an additional 152 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 24.1% in the 4th quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock valued at $54,000 after acquiring an additional 155 shares during the last quarter. New York Life Investment Management LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 4.0% in the 4th quarter. New York Life Investment Management LLC now owns 4,096 shares of the company’s stock valued at $273,000 after acquiring an additional 158 shares during the last quarter. Stratos Wealth Advisors LLC lifted its stake in shares of Coca-Cola Europacific Partners by 5.5% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 3,771 shares of the company’s stock valued at $236,000 after purchasing an additional 196 shares during the period. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Coca-Cola Europacific Partners by 2.6% in the 4th quarter. Verdence Capital Advisors LLC now owns 8,945 shares of the company’s stock valued at $597,000 after purchasing an additional 230 shares during the period. 31.35% of the stock is owned by hedge funds and other institutional investors.

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.