Coca-Cola Europacific Partners (NYSE:CCEP) Price Target Raised to $62.00

Coca-Cola Europacific Partners (NYSE:CCEP – Get Rating) had its price target raised by Argus from $60.00 to $62.00 in a research note published on Thursday, The Fly reports.

A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. lifted their price target on Coca-Cola Europacific Partners to €66.50 ($71.51) and gave the stock an overweight rating in a report on Thursday, December 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Coca-Cola Europacific Partners from $63.00 to $66.00 in a report on Thursday, January 5th. StockNews.com initiated coverage on Coca-Cola Europacific Partners in a report on Thursday. They set a buy rating for the company. Finally, Barclays reduced their price target on Coca-Cola Europacific Partners from $69.00 to $67.00 and set an overweight rating for the company in a report on Tuesday, February 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $61.79.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $55.09 on Thursday. Coca-Cola Europacific Partners has a 52 week low of $41.80 and a 52 week high of $57.63. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42. The stock has a 50-day simple moving average of $55.67 and a 200 day simple moving average of $51.78.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several hedge funds have recently bought and sold shares of CCEP. Private Advisor Group LLC lifted its position in Coca-Cola Europacific Partners by 27.5% during the first quarter. Private Advisor Group LLC now owns 12,218 shares of the company’s stock worth $595,000 after acquiring an additional 2,638 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Coca-Cola Europacific Partners by 2.0% in the first quarter. PNC Financial Services Group Inc. now owns 14,173 shares of the company’s stock valued at $690,000 after buying an additional 277 shares in the last quarter. BlackRock Inc. raised its position in shares of Coca-Cola Europacific Partners by 5.0% in the first quarter. BlackRock Inc. now owns 14,447,992 shares of the company’s stock valued at $702,316,000 after buying an additional 685,745 shares in the last quarter. Great West Life Assurance Co. Can acquired a new stake in shares of Coca-Cola Europacific Partners in the first quarter valued at approximately $10,809,000. Finally, Yousif Capital Management LLC raised its position in shares of Coca-Cola Europacific Partners by 13.9% in the first quarter. Yousif Capital Management LLC now owns 4,954 shares of the company’s stock valued at $241,000 after buying an additional 605 shares in the last quarter. 28.63% of the stock is currently owned by institutional investors and hedge funds.

About Coca-Cola Europacific Partners

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Coca-Cola Europacific Partners plc engages in the distribution and sale of non-alcoholic ready to drink beverages. It operates through the following geographical segments: Iberia, Germany, Great Britain, France, Belgium/Luxembourg, Netherlands, Norway, Sweden, and Iceland. The company was founded on August 4, 2015 and is headquartered in Uxbridge, the United Kingdom.