Coca-Cola Europacific Partners (NASDAQ:CCEP) Given New $84.00 Price Target at Barclays

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price objective decreased by Barclays from $85.00 to $84.00 in a research note released on Friday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

CCEP has been the subject of several other research reports. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an outperform rating to a neutral rating and set a $81.00 target price for the company. in a research report on Tuesday, September 10th. Citigroup upgraded Coca-Cola Europacific Partners to a strong-buy rating in a research note on Thursday, October 3rd. Bank of America lifted their target price on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a buy rating in a research report on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a buy rating in a research report on Monday, September 9th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $80.88.

Coca-Cola Europacific Partners Stock Up 0.4 %

NASDAQ:CCEP opened at $77.96 on Friday. Coca-Cola Europacific Partners has a 1-year low of $56.45 and a 1-year high of $82.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a 50-day moving average of $78.40 and a two-hundred day moving average of $74.46.

Institutional Trading of Coca-Cola Europacific Partners

Several hedge funds have recently bought and sold shares of the company. Voisard Asset Management Group Inc. acquired a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at $33,000. New Millennium Group LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter worth approximately $37,000. Crewe Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners in the first quarter valued at approximately $36,000. New Covenant Trust Company N.A. acquired a new position in shares of Coca-Cola Europacific Partners during the first quarter valued at approximately $36,000. Finally, Mather Group LLC. lifted its position in Coca-Cola Europacific Partners by 142.0% in the second quarter. Mather Group LLC. now owns 668 shares of the company’s stock worth $47,000 after purchasing an additional 392 shares during the period. 31.35% of the stock is currently owned by institutional investors.

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.