Coca-Cola Europacific Partners (NASDAQ:CCEP) Hits New 12-Month High at $79.55

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) hit a new 52-week high on Tuesday . The company traded as high as $79.55 and last traded at $79.35, with a volume of 109069 shares. The stock had previously closed at $79.02.

Analyst Ratings Changes

A number of analysts recently commented on the stock. StockNews.com cut shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Sunday, May 19th. Barclays increased their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Finally, Bank of America boosted 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. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and an average target price of $78.11.

Coca-Cola Europacific Partners Trading Up 0.6 %

The company has a 50 day moving average of $74.35 and a 200 day moving average of $72.14. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91. The stock has a market capitalization of $36.32 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 3.45 and a beta of 0.89.

Institutional Trading of Coca-Cola Europacific Partners

Several large investors have recently bought and sold shares of CCEP. Norges Bank acquired a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $68,360,000. Point72 Asset Management L.P. lifted its stake in shares of Coca-Cola Europacific Partners by 89.3% in the 4th quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock valued at $143,895,000 after purchasing an additional 1,017,278 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Coca-Cola Europacific Partners in the 1st quarter valued at $47,839,000. Public Sector Pension Investment Board grew its holdings in shares of Coca-Cola Europacific Partners by 800.5% during the 4th quarter. Public Sector Pension Investment Board now owns 663,146 shares of the company’s stock worth $44,258,000 after purchasing an additional 589,500 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Coca-Cola Europacific Partners by 1,735.9% during the 4th quarter. First Trust Advisors LP now owns 456,425 shares of the company’s stock worth $30,462,000 after purchasing an additional 431,564 shares during the last quarter. Hedge funds and other 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.