Evercore ISI Forecasts Strong Price Appreciation for Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its target price boosted by Evercore ISI from $78.00 to $82.00 in a research note issued to investors on Wednesday,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

A number of other equities analysts have also issued reports on the company. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Bank of America lifted their target price on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. BNP Paribas downgraded shares of 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Finally, Barclays reduced their target price on shares of Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.22.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $77.89 on Wednesday. The firm’s 50-day moving average is $78.60 and its two-hundred day moving average is $75.65. Coca-Cola Europacific Partners has a 52 week low of $59.31 and a 52 week high of $82.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85.

Coca-Cola Europacific Partners Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Crewe Advisors LLC acquired a new stake in Coca-Cola Europacific Partners during the 1st quarter worth about $36,000. New Covenant Trust Company N.A. purchased a new position in Coca-Cola Europacific Partners during the first quarter valued at approximately $36,000. New Millennium Group LLC acquired a new position in Coca-Cola Europacific Partners in the 2nd quarter valued at approximately $37,000. Whittier Trust Co. of Nevada Inc. lifted its position in Coca-Cola Europacific Partners by 38.1% in 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. Finally, Mather Group LLC. boosted its stake 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 valued at $47,000 after buying an additional 392 shares during the period. Hedge funds and other institutional investors 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.