Coca-Cola Europacific Partners (NASDAQ:CCEP) PT Raised to $85.00 at Barclays

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its target price upped by equities research analysts at Barclays from $82.00 to $85.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 17.10% from the stock’s current price.

Several other analysts have also issued reports on the stock. Bank of America raised their price target on shares of 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. 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. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.10.

Coca-Cola Europacific Partners Stock Down 1.0 %

NASDAQ:CCEP traded down $0.71 during trading hours on Friday, reaching $72.59. The company’s stock had a trading volume of 157,011 shares, compared to its average volume of 1,416,367. The business’s 50-day moving average is $73.76 and its 200-day moving average is $71.39. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72. Coca-Cola Europacific Partners has a one year low of $56.28 and a one year high of $76.44. The company has a market cap of $33.16 billion, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 3.45 and a beta of 0.89.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in Coca-Cola Europacific Partners during the 4th quarter worth about $28,000. Voisard Asset Management Group Inc. bought a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $33,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Coca-Cola Europacific Partners by 220.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock worth $34,000 after purchasing an additional 352 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of Coca-Cola Europacific Partners during the 1st quarter worth approximately $36,000. Finally, New Covenant Trust Company N.A. acquired a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

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.