Stocks of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) traded higher last session on Wall Street, down -1.74% to $54.36.
According to the data, Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has 20 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $71.41 and a low of $46.50, we find $61.00. Given the previous closing price of $55.32, this indicates a potential upside of 10.27 percent. CCEP stock price is now 5.67% away from the 50-day moving average and 7.73% away from the 200-day moving average. The market capitalization of the company currently stands at $24.88B.
A total of 4 analysts have issued a hold rating and 14 have given it a buy rating. Brokers who have rated the stock have averaged $59.91 as their price target over the next twelve months.
With the price target enhanced from $62 to $68, UBS Upgraded its rating from Neutral to Buy for Coca-Cola Europacific Partners PLC (NASDAQ: CCEP)., while ‘ING Group’ rates the stock as ‘Buy’.
Insiders disposed of 86,099 shares of company stock worth roughly $4.68 million over the past 1 year. A total of 36.67% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CCEP stock. A new stake in Coca-Cola Europacific Partners PLC shares was purchased by VOLORIDGE INVESTMENT MANAGEMENT, LLC during the first quarter worth $12,344,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $11,794,000 in shares of CCEP during the first quarter. In the first quarter, PGGM INVESTMENTS acquired a new stake in Coca-Cola Europacific Partners PLC valued at approximately $9,666,000. TWINBEECH CAPITAL LP acquired a new stake in CCEP for approximately $9,544,000. D. E. SHAW & CO., INC. purchased a new stake in CCEP valued at around $8,788,000 in the second quarter. In total, there are 627 active investors with 32.00% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $55.43 for Coca-Cola Europacific Partners PLC (NASDAQ: CCEP). During the past 12 months, Coca-Cola Europacific Partners PLC has had a low of $41.80 and a high of $59.86. As of last week, the company has a debt-to-equity ratio of 1.67, a current ratio of 0.90, and a quick ratio of 0.80. The fifty day moving average price for CCEP is $51.44 and a two-hundred day moving average price translates $50.46 for the stock.
The latest earnings results from Coca-Cola Europacific Partners PLC (NASDAQ: CCEP) was released for Jun, 2022. The net profit margin was 8.70% and return on equity was 20.60% for CCEP.
Moreover, the firm recently paid out its quarterly dividend on 12/07/2022. Investors who held shares on 11/18/2022 were paid a $1.11 dividend. On an annualized basis, this represents a $1.70 dividend and a 3.13% percent yield. There was an ex-dividend date of 11/17/2022 for this dividend. In terms of dividend payout ratio, CCEP is presently at 60.70%.
Coca-Cola Europacific Partners PLC(CCEP) Company Profile
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. It provides its products under the Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Fanta, Sprite, Monster Energy, Coca-Cola Energy, Relentless, nalu, URGE, BURN, Kuli, REIGN, POWERADE, Appletiser, Schweppes, FINLEY, mezzo mix, Royal Bliss, Lift, Vio SCHORLE, Coca-Cola Signature Mixers, NORDIC MIST, smartwater, Chaudfontaine, AQUARIUS, VILAS del Turbon, BONAQUA, Apollinaris, Krystal, Honest, Costa Coffee, Fuzetea, CHAQWA, NESTEA, Capri-Sun, Oasis, Minute Maid, MER, and Tropico brands. In addition, the company engages in the bottling and other operations. As of March 15, 2022, it served approximately 600 million consumers. The company was formerly known as Coca-Cola European Partners plc and changed its name to Coca-Cola Europacific Partners PLC in May 2021. Coca-Cola Europacific Partners PLC was founded in 1986 and is based in Uxbridge, the United Kingdom.