Coca-Cola Europacific Partners (NASDAQ:CCEP) PT Raised to $85.00 at Barclays

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price objective raised by analysts at Barclays from $82.00 to $85.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 15.40% from the stock’s current price.

A number of other analysts have also recently issued reports on the company. StockNews.com cut Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. Bank of America increased their price objective on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.10.

Coca-Cola Europacific Partners Stock Performance

CCEP traded up $0.36 on Friday, hitting $73.66. 1,231,087 shares of the stock traded hands, compared to its average volume of 1,422,444. The business has a fifty day moving average price of $73.76 and a two-hundred day moving average price of $71.47. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $33.65 billion, a PE ratio of 15.91, a P/E/G ratio of 3.45 and a beta of 0.89. Coca-Cola Europacific Partners has a 52 week low of $56.28 and a 52 week high of $76.44.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $28,000. Voisard Asset Management Group Inc. acquired a new position in Coca-Cola Europacific Partners in the fourth quarter worth $33,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 220.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock worth $34,000 after purchasing an additional 352 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the first quarter valued at $36,000. Finally, New Covenant Trust Company N.A. bought a new position in shares of Coca-Cola Europacific Partners in the first quarter valued at about $36,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

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.