Coca-Cola Europacific Partners (NASDAQ:CCEP) Downgraded by BNP Paribas

Coca-Cola Europacific Partners (NASDAQ:CCEP) was downgraded by equities researchers at BNP Paribas from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday, Marketbeat Ratings reports. They currently have a $81.00 price objective on the stock. BNP Paribas’ price objective points to a potential downside of 0.66% from the stock’s previous close.

A number of other equities analysts also recently issued reports on CCEP. StockNews.com downgraded Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. Barclays increased their target price on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Bank of America lifted their target price on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.78.

Coca-Cola Europacific Partners Trading Up 1.0 %

Shares of Coca-Cola Europacific Partners stock opened at $81.54 on Tuesday. Coca-Cola Europacific Partners has a fifty-two week low of $56.28 and a fifty-two week high of $82.14. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. The firm has a 50-day simple moving average of $75.68 and a two-hundred day simple moving average of $73.07.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Several hedge funds and other institutional investors have recently modified their holdings of the business. Voisard Asset Management Group Inc. acquired a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at about $33,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 220.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock valued at $34,000 after purchasing an additional 352 shares during the last quarter. Crewe Advisors LLC purchased a new position in Coca-Cola Europacific Partners during the first quarter worth approximately $36,000. New Covenant Trust Company N.A. purchased a new stake in Coca-Cola Europacific Partners in the 1st quarter valued at $36,000. Finally, New Millennium Group LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter worth $37,000. 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.