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Investing.com - BofA Securities lowered its price target on Coca-Cola Europacific Partners (NASDAQ:CCEP) to $102 from $104 while maintaining a Buy rating following the company’s third-quarter results. According to InvestingPro data, analysts have set targets ranging from $71.37 to $107.69, with CCEP currently trading at $88.17, suggesting the stock may be slightly undervalued based on Fair Value estimates.
The bottling company delivered solid quarterly performance with 0.4% volume growth and 3.2% revenue growth, slightly exceeding consensus expectations despite challenging conditions. The results came amid a soft consumer environment in Europe, approximately 1% negative sales impact from exiting Suntory alcohol distribution in Australia, and typhoon flooding in the Philippines. This performance builds on CCEP’s 9.04% revenue growth over the last twelve months, though InvestingPro data indicates analysts anticipate a 0.41% sales decline for the current fiscal year.
European operations showed resilience with 0.9% volume growth and 4.2% revenue increase, supported by strong execution and remarkable performance in the Energy segment. The region also benefited from favorable weather conditions in Northern Europe and Great Britain.
The Asia-Pacific region faced more difficulties, recording slight declines in both volume (-0.6%) and sales (-0.2%). Indonesia continued to be a drag on results, though BofA noted the rate of decline is improving in that market.
Management reaffirmed its full-year guidance of 3-4% sales growth and approximately 7% operating profit growth. The company will need to achieve at least 3.8% growth in the fourth quarter to meet these targets, with one extra trading day expected to provide some benefit. CCEP maintains a solid financial position with a 35.46% gross profit margin and has raised its dividend for 4 consecutive years, with the current dividend yield at 2.07%. Discover more insights and comprehensive analysis in CCEP’s Pro Research Report, available exclusively on InvestingPro.
In other recent news, Coca-Cola Europacific Partners reported its third-quarter earnings for 2025, showing a steady performance as revenues aligned with expectations. The company posted revenue of 5.41 billion euros, precisely matching analyst forecasts. This consistency in meeting revenue expectations reflects investor confidence in the company’s ongoing strategic initiatives and reaffirmed full-year guidance. Despite the stability in revenue, there were no significant shifts in stock trading during the pre-market session. While the earnings call did not reveal any major surprises, the company’s ability to meet forecasts is noteworthy. Analyst opinions from various firms remain neutral, with no significant upgrades or downgrades reported following the earnings release. These recent developments indicate a stable outlook for Coca-Cola Europacific Partners as it continues to execute its strategic plans.
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