Coca-Cola Europacific Partners (NASDAQ:CCEP) Research Coverage Started at Sanford C. Bernstein

Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) in a report released on Tuesday morning, Marketbeat Ratings reports. The firm issued a market perform rating and a $82.00 price target on the stock.

Several other analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. Barclays boosted their price target on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. BNP Paribas downgraded Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target for the company. in a report on Tuesday, September 10th. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Evercore ISI increased their price target on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and a consensus target price of $83.11.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $78.39 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners has a twelve month low of $62.00 and a twelve month high of $82.32. The stock’s 50 day moving average price is $77.37 and its two-hundred day moving average price is $76.28.

Coca-Cola Europacific Partners Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were issued a dividend of $1.34 per share. This is a positive change from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, November 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. New Millennium Group LLC acquired a new position in shares of Coca-Cola Europacific Partners in the 2nd quarter valued at approximately $37,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 38.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after buying an additional 139 shares in the last quarter. Mather Group LLC. lifted its position in shares of Coca-Cola Europacific Partners by 142.0% during the 2nd quarter. Mather Group LLC. now owns 668 shares of the company’s stock worth $47,000 after buying an additional 392 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in Coca-Cola Europacific Partners in the third quarter valued at about $50,000. Finally, Family Firm Inc. bought a new position in Coca-Cola Europacific Partners in the second quarter valued at about $56,000. 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.