In yesterday’s Wall Street session, Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) shares traded at $64.41, up 2.03% from the previous session.
19 analysts cover Coca-Cola Europacific Partners PLC (NASDAQ:CCEP), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $75.00 and a low of $54.66, we find $65.12. Given the previous closing price of $63.13, this indicates a potential upside of 3.15 percent. CCEP stock price is now 0.15% away from the 50-day moving average and 11.43% away from the 200-day moving average. The market capitalization of the company currently stands at $29.49B.
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The stock has received a hold rating from 6 analysts and a buy rating from 12. Brokers who have rated the stock have averaged $63.81 as their price target over the next twelve months.
With the price target maintained at $61.15, Societe Generale recently Upgraded its rating from Sell to Hold for Coca-Cola Europacific Partners PLC (NASDAQ: CCEP).
Insiders disposed of 189,485 shares of company stock worth roughly $12.2 million over the past 1 year. A total of 55.73% 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 CANDLESTICK CAPITAL MANAGEMENT LP during the first quarter worth $34,781,000. MACKENZIE FINANCIAL CORP invested $28,571,000 in shares of CCEP during the first quarter. In the first quarter, NINETY ONE NORTH AMERICA, INC. acquired a new stake in Coca-Cola Europacific Partners PLC valued at approximately $17,283,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in CCEP for approximately $13,041,000. LIGHTHOUSE INVESTMENT PARTNERS, LLC purchased a new stake in CCEP valued at around $11,594,000 in the second quarter.
On Wednesday morning Coca-Cola Europacific Partners PLC (NASDAQ: CCEP) stock kicked off with the opening price of $65.61. During the past 12 months, Coca-Cola Europacific Partners PLC has had a low of $41.80 and a high of $66.79. As of last week, the company has a debt-to-equity ratio of 1.60, a current ratio of 0.90, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $40.30B, which is based on a 17.83 price-to-earnings ratio, a 1.96 price-to-earnings-growth ratio, and a beta of 0.80. The fifty day moving average price for CCEP is $64.29 and a two-hundred day moving average price translates $57.90 for the stock.
For the current quarter, analysts expect CCEP to generate $5.36B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/25/2023. Investors who held shares on 05/12/2023 were paid a $0.74 dividend. On an annualized basis, this represents a $2.44 dividend and a 3.79% percent yield. There was an ex-dividend date of 05/11/2023 for this dividend. In terms of dividend payout ratio, CCEP is presently at 50.60%.
