Deutsche Bank Aktiengesellschaft Boosts Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target to $90.00

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $78.00 to $90.00 in a research report released on Monday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other brokerages have also issued reports on CCEP. Barclays raised their target price on shares of Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an overweight rating in a research report on Friday, August 9th. StockNews.com lowered shares of Coca-Cola Europacific Partners from a buy rating to a hold rating in a research report on Sunday, May 19th. Finally, Bank of America raised their target price 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. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $79.78.

Coca-Cola Europacific Partners Trading Down 0.2 %

CCEP stock opened at $79.52 on Monday. 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 company’s 50 day moving average is $75.93 and its two-hundred day moving average is $73.19. Coca-Cola Europacific Partners has a twelve month low of $56.28 and a twelve month high of $82.14.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of CCEP. Sanctuary Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners during the 2nd quarter worth $2,190,000. Cetera Investment Advisers boosted its holdings in Coca-Cola Europacific Partners by 5.6% in the 2nd quarter. Cetera Investment Advisers now owns 26,768 shares of the company’s stock worth $1,951,000 after acquiring an additional 1,425 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Coca-Cola Europacific Partners by 3.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,533 shares of the company’s stock worth $767,000 after acquiring an additional 325 shares during the period. Creative Planning boosted its holdings in Coca-Cola Europacific Partners by 13.1% in the 2nd quarter. Creative Planning now owns 32,743 shares of the company’s stock worth $2,386,000 after acquiring an additional 3,804 shares during the period. Finally, Scientech Research LLC raised its position in shares of Coca-Cola Europacific Partners by 82.8% in the 2nd quarter. Scientech Research LLC now owns 18,833 shares of the company’s stock valued at $1,372,000 after purchasing an additional 8,533 shares in the last quarter. 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.