Zacks Investment Research enhanced actions of Coca-Cola Europacific Partners (NYSE: CCEP – Get a rating) from a sell rating to a hold rating in a research note released Friday to investors, Zacks.com reports.
According to Zacks, “Coca-Cola European Partners PLC is a consumer packaged goods company. It is engaged in the production, distribution and marketing of non-alcoholic ready-to-drink beverages. It mainly operates in Andorra, Belgium, Metropolitan France, Germany, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden. Coca-Cola European Partners PLC, formerly known as Coca-Cola Enterprises Inc., is headquartered in Uxbridge, UK. “
CCEP has been the subject of a number of other research reports. JPMorgan Chase & Co. lowered its price target on Coca-Cola Europacific Partners to €60.00 ($64.52) in a Friday, April 8 report. Barclays raised its price target on Coca-Cola Europacific Partners to €67.00 ($72.04) in a research note on Friday. Credit Suisse Group raised its price target on Coca-Cola Europacific Partners to €59.00 ($63.44) in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered its price target on Coca-Cola Europacific Partners from $66.00 to $59.00 in a research report on Thursday. To finish, StockNews.com began covering Coca-Cola Europacific Partners in a research report on Thursday, March 31. They set a buy rating on the stock. One analyst rated the stock with a sell rating, four gave the stock a hold rating and thirteen gave the stock a buy rating. According to MarketBeat.com, the company currently has an average buy rating and consensus price target of $63.61.
Shares of Coca-Cola Action Europapacific Partners opened at $49.95 on Friday. The company has a 50-day moving average of $49.20 and a 200-day moving average of $53.13. The company has a debt ratio of 1.64, a quick ratio of 0.76 and a current ratio of 0.95. Coca-Cola Europacific Partners has a 52-week low of $42.33 and a 52-week high of $63.04.
A number of institutional investors and hedge funds have recently changed their stock holdings. BlackRock Inc. increased its stake in Coca-Cola Europacific Partners by 14.8% during the 4th quarter. BlackRock Inc. now owns 13,762,247 shares of the company valued at $769,724,000 after purchasing an additional 1,775,734 shares during the period. Boston Partners increased its stake in Coca-Cola Europacific Partners by 2.5% in the 4th quarter. Boston Partners now owns 11,625,590 shares of the company worth $650,413,000 after acquiring 283,315 additional shares in the last quarter. Ceredex Value Advisors LLC increased its stake in Coca-Cola Europacific Partners by 123.9% in the 4th quarter. Ceredex Value Advisors LLC now owns 3,636,775 shares of the company worth $203,405,000 after acquiring 2,012,314 additional shares in the last quarter. Epoch Investment Partners Inc. increased its holdings of Coca-Cola Europacific Partners shares by 34.5% in Q4. Epoch Investment Partners Inc. now owns 2,706,097 shares of the company worth $151,352,000 after purchasing an additional 693,447 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Coca-Cola Europacific Partners by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,412,535 shares of the company worth $133,389,000 after purchasing an additional 28,527 shares during the period.
Coca-Cola Europacific Partners Company Profile (Get a rating)
Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes and sells a range of ready-to-drink soft drinks. The company offers flavors, mixers and energy drinks; soft drinks, waters, fortified waters and isotonic drinks; and ready-to-drink tea and coffee, juices and other beverages.
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