Kepler Capital Markets Downgrades Coca-Cola Europacific Partners (NASDAQ:CCEP) to Reduce

Coca-Cola Europacific Partners (NASDAQ:CCEP) was downgraded by equities research analysts at Kepler Capital Markets from a “hold” rating to a “reduce” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports.

A number of other equities analysts have also recently issued reports on CCEP. Evercore ISI upped their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target for the company. UBS Group upped their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Finally, Barclays lowered their price target on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $87.20 on Tuesday. Coca-Cola Europacific Partners has a fifty-two week low of $65.94 and a fifty-two week high of $88.39. The stock has a fifty day moving average of $78.48 and a 200-day moving average of $78.27. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

Institutional Trading of Coca-Cola Europacific Partners

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp grew its stake in shares of Coca-Cola Europacific Partners by 10.4% in the 4th quarter. Mackenzie Financial Corp now owns 270,162 shares of the company’s stock worth $20,751,000 after buying an additional 25,560 shares during the last quarter. GF Fund Management CO. LTD. purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at $6,702,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at $3,286,000. Vise Technologies Inc. boosted its stake in Coca-Cola Europacific Partners by 37.9% during the 4th quarter. Vise Technologies Inc. now owns 4,894 shares of the company’s stock valued at $376,000 after purchasing an additional 1,346 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Coca-Cola Europacific Partners by 14.4% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 637,062 shares of the company’s stock valued at $48,952,000 after purchasing an additional 80,300 shares during the last quarter. 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.