Shares of Coca-Cola Europacific Partners PLC (NYSE:CCEP – Get Rating) have earned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $62.09.
Several equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. JPMorgan Chase & Co. decreased their target price on shares of Coca-Cola Europacific Partners to €60.00 ($60.61) in a research report on Friday, April 8th. Barclays raised their target price on shares of Coca-Cola Europacific Partners to €67.00 ($67.68) in a research report on Friday, April 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Coca-Cola Europacific Partners from $66.00 to $59.00 in a research report on Thursday, April 28th.
Institutional Trading of Coca-Cola Europacific Partners
A number of hedge funds have recently modified their holdings of CCEP. IndexIQ Advisors LLC raised its stake in Coca-Cola Europacific Partners by 7.9% in the 4th quarter. IndexIQ Advisors LLC now owns 2,415 shares of the company’s stock worth $135,000 after purchasing an additional 177 shares in the last quarter. First Hawaiian Bank increased its holdings in Coca-Cola Europacific Partners by 4.7% in the 1st quarter. First Hawaiian Bank now owns 5,065 shares of the company’s stock valued at $246,000 after buying an additional 227 shares during the period. Assenagon Asset Management S.A. increased its holdings in Coca-Cola Europacific Partners by 6.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,291 shares of the company’s stock valued at $240,000 after buying an additional 266 shares during the period. Quadrant Capital Group LLC increased its holdings in Coca-Cola Europacific Partners by 16.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,895 shares of the company’s stock valued at $106,000 after buying an additional 268 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Coca-Cola Europacific Partners by 2.0% in the 1st 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 during the period.
Coca-Cola Europacific Partners Price Performance
CCEP opened at $51.50 on Friday. The firm’s fifty day moving average is $52.09 and its two-hundred day moving average is $52.22. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 1.64. Coca-Cola Europacific Partners has a twelve month low of $42.33 and a twelve month high of $62.65.
Coca-Cola Europacific Partners Increases Dividend
The business also recently announced a dividend, which was paid on Thursday, May 26th. Stockholders of record on Friday, May 13th were paid a dividend of $0.59 per share. This represents a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, May 12th. This is a boost from Coca-Cola Europacific Partners’s previous dividend of $0.32.
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. The company 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.
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Source: defenseworld.net
