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Investing.com - Bernstein analyst raised the price target on Coca-Cola Europacific Partners (NASDAQ:CCEP) to $98.00 from $91.00 while maintaining a Market Perform rating, citing the company’s volume growth performance.
CCEP reported third-quarter volume growth of 0.4%, exceeding consensus by 20 basis points, while comparable FXN net revenue growth reached 3.2%, surpassing expectations by 50 basis points.
The company reiterated its fiscal 2025 guidance, projecting 3-4% FXN topline growth and 7% bottom-line growth, and announced its EUR1 billion share buyback program will now conclude by December 2025 instead of February 2026.
Despite what Bernstein characterized as an "uneventful quarter," CCEP stock rose as much as 3.3% intra-day before closing up 2.3%, reflecting market appreciation for stable volume growth.
The analyst noted that CCEP is responding to pressure on European consumers, particularly low-income shoppers seeking value offerings, by prioritizing profitable volumes rather than pursuing "volume at any cost" strategies employed by competitors.
In other recent news, Coca-Cola Europacific Partners reported its third-quarter earnings for 2025, with revenues aligning with analyst forecasts at 5.41 billion euros. The company achieved a 3.2% revenue growth, slightly surpassing consensus expectations, despite challenging market conditions such as a soft consumer environment in Europe and adverse weather events in the Philippines. Additionally, the company experienced a 0.4% increase in volume growth. However, there was a roughly 1% negative impact on sales due to the exit from Suntory alcohol distribution in Australia.
In light of these results, BofA Securities adjusted its price target for Coca-Cola Europacific Partners, lowering it to $102 from $104, but maintained a Buy rating. This adjustment reflects a balanced view of the company’s solid quarterly performance and the challenges it faces. The reaffirmation of full-year guidance and ongoing strategic initiatives contributed to investor confidence, as evidenced by the stable stock performance in pre-market trading. These developments provide insight into Coca-Cola Europacific Partners’ current financial health and market position.
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