Coca-Cola Europacific Partners (NASDAQ:CCEP) Sets New 12-Month High at $72.84

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) hit a new 52-week high during trading on Tuesday . The stock traded as high as $72.84 and last traded at $72.81, with a volume of 788006 shares trading hands. The stock had previously closed at $71.36.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 26th. Barclays raised their price target on shares of Coca-Cola Europacific Partners from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Argus raised their price target on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, StockNews.com raised shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of “Buy” and an average target price of $75.78.

Coca-Cola Europacific Partners Trading Up 2.7 %

The business’s 50 day simple moving average is $69.95 and its 200 day simple moving average is $66.33. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last released its earnings results on Friday, February 23rd. The company reported $1.85 EPS for the quarter, hitting analysts’ consensus estimates of $1.85. As a group, analysts expect that Coca-Cola Europacific Partners PLC will post 4.15 earnings per share for the current year.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Friday, May 10th will be issued a $0.79 dividend. This represents a dividend yield of 5.6%. The ex-dividend date is Thursday, May 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. NBC Securities Inc. lifted its stake in Coca-Cola Europacific Partners by 12.9% in the fourth quarter. NBC Securities Inc. now owns 1,326 shares of the company’s stock worth $88,000 after acquiring an additional 152 shares during the period. Global Retirement Partners LLC lifted its stake in Coca-Cola Europacific Partners by 24.1% in the fourth quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock worth $54,000 after acquiring an additional 155 shares during the period. New York Life Investment Management LLC lifted its stake in Coca-Cola Europacific Partners by 4.0% in the fourth quarter. New York Life Investment Management LLC now owns 4,096 shares of the company’s stock worth $273,000 after acquiring an additional 158 shares during the period. Verdence Capital Advisors LLC lifted its stake in Coca-Cola Europacific Partners by 2.6% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,945 shares of the company’s stock worth $597,000 after acquiring an additional 230 shares during the period. Finally, Huntington National Bank lifted its stake in Coca-Cola Europacific Partners by 7.6% in the third quarter. Huntington National Bank now owns 3,319 shares of the company’s stock worth $207,000 after acquiring an additional 235 shares during the period. 31.35% of the stock is currently owned by institutional investors.

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.