Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target Raised to $98.00 at Barclays

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target upped by stock analysts at Barclays from $92.00 to $98.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 15.75% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target on the stock. Evercore ISI upped their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Finally, UBS Group boosted their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.67.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock traded down $0.03 during trading on Thursday, reaching $84.66. 481,389 shares of the company’s stock were exchanged, compared to its average volume of 1,340,760. The firm’s 50-day moving average price is $79.92 and its 200 day moving average price is $78.79. The company has a market cap of $39.03 billion, a P/E ratio of 17.42, a PEG ratio of 4.89 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. Coca-Cola Europacific Partners has a 1-year low of $65.94 and a 1-year high of $88.39.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $27,000. Optiver Holding B.V. acquired a new stake in Coca-Cola Europacific Partners during the 4th quarter worth about $29,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after acquiring an additional 197 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $34,000. Finally, Plato Investment Management Ltd acquired a new stake in Coca-Cola Europacific Partners during the third quarter worth approximately $50,000. Institutional investors own 31.35% of the company’s stock.

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.