Coca-Cola Europacific Partne

CCEP is the world's largest Coca-Cola bottler by revenue, but its role is often misunderstood—it doesn't own Coca-Cola brands, it manufactures, packages, and distributes them. The company holds exclusive bottling rights across Western Europe (UK, Germany, France, Spain, and others) and the Pacific region (Australia, New Zealand, Indonesia, Papua New Guinea), a geographic scope created by merging the European and Pacific bottling operations in 2021. Revenue is driven by volume, product mix, and pricing within its licensed territories.

CCEP's exclusive bottling license gives it a protected market position backed by one of the world's most powerful consumer brand portfolios. Growth levers include premiumization through higher-priced formats and brands, Monster Energy distribution, and volume expansion in its Pacific territories. Currency fluctuations affect results significantly given its multi-country footprint. The company carries acquisition-related debt, and its strategic direction is substantially dictated by The Coca-Cola Company's brand priorities.

CCEP's most direct peers are fellow authorized Coca-Cola bottlers: Arca Continental in Latin America and the US Southwest, and Coca-Cola FEMSA across Latin America. Swire Coca-Cola handles Pacific and Asian territories adjacent to CCEP's. In European retail, PepsiCo's local bottlers and regional beverage producers provide indirect competition, though Coca-Cola's brand dominance limits displacement across most categories.

CCEP pays a regular semi-annual dividend and has been a consistent income stock since its formation. Its dividend policy targets a payout ratio that reflects the predictable cash flows of a bottling business, given the recurring nature of beverage consumption and the contractual stability of its Coca-Cola licensing arrangements. The yield is competitive relative to European consumer staples peers.

CCEP last closed at $92.25, down 0.37% in the most recent trading session. Over the past 52 weeks, the stock has traded between a low of $80.70 and a high of $106.05. The current price represents 46% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.

Among 22 analysts covering CCEP, the consensus rating is Buy — 15 rate it a buy, 6 hold, and 1 sell. The average price target sits at $28.59, implying 69% downside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.

Coca-Cola Europacific Partne generated $20.55B in revenue during fiscal year 2026, with $1.91B reaching the bottom line as net income. The net profit margin of 9.3% reflects the competitive nature of its industry.

CCEP trades at a P/E ratio of 20.54 on trailing earnings of $4.26 per share. That's roughly in line with the broader market average of ~20-25x. Comparing this multiple against Beverages sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.

Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: +0.61% (3M), +3.05% (6M), +9.64% (1Y), +4.58% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether CCEP is outperforming or lagging the broader market.