Barclays Increases Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target to $78.00

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price objective lifted by analysts at Barclays from $75.00 to $78.00 in a report released on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 8.30% from the company’s previous close.

Other analysts have also issued reports about the stock. UBS Group boosted their target price on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Argus lifted 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 research note on Tuesday, March 19th. StockNews.com upgraded Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Finally, BNP Paribas raised Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target on the stock in a research report on Friday, January 12th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Buy” and an average price target of $75.78.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP opened at $72.02 on Monday. Coca-Cola Europacific Partners has a 1 year low of $56.28 and a 1 year high of $72.67. The firm has a 50-day simple moving average of $69.78 and a two-hundred day simple moving average of $65.95. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last issued its quarterly earnings results on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.85. As a group, research analysts anticipate that Coca-Cola Europacific Partners will post 4.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. FMR LLC raised its stake in Coca-Cola Europacific Partners by 3.7% in the third quarter. FMR LLC now owns 6,359,772 shares of the company’s stock valued at $397,359,000 after buying an additional 225,744 shares during the last quarter. FIL Ltd boosted its stake in Coca-Cola Europacific Partners by 9.6% in the 4th quarter. FIL Ltd now owns 3,629,675 shares of the company’s stock worth $242,245,000 after purchasing an additional 317,936 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Coca-Cola Europacific Partners by 1.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,525,434 shares of the company’s stock worth $157,789,000 after purchasing an additional 47,501 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Coca-Cola Europacific Partners by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 2,221,296 shares of the company’s stock worth $138,787,000 after buying an additional 168,420 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in shares of Coca-Cola Europacific Partners by 89.3% during the fourth quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock worth $143,895,000 after buying an additional 1,017,278 shares during the period. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Company Profile

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.