Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Short Interest Up 10.6% in January

Coca-Cola Europacific Partners PLC (NASDAQ:CCEPGet Free Report) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 3,960,000 shares, a growth of 10.6% from the January 15th total of 3,580,000 shares. Based on an average daily volume of 1,510,000 shares, the short-interest ratio is currently 2.6 days. Approximately 1.9% of the shares of the stock are sold short.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock traded up $2.19 during trading on Monday, hitting $84.90. The company’s stock had a trading volume of 2,466,593 shares, compared to its average volume of 1,553,985. Coca-Cola Europacific Partners has a 1-year low of $65.94 and a 1-year high of $85.61. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The stock’s fifty day moving average is $77.54 and its 200 day moving average is $77.72.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth about $27,000. Optiver Holding B.V. acquired a new stake in Coca-Cola Europacific Partners during the fourth quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after buying an additional 197 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 38.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock valued at $40,000 after acquiring an additional 139 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CCEP shares. UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Barclays lowered their price target on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Finally, Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 target price on the stock. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.11.

View Our Latest Research Report on CCEP

Coca-Cola Europacific Partners Company Profile

(Get Free Report)

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.

Further Reading

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