Coca-Cola Europacific Partners (CCEP) vs Diageo (DEO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Coca-Cola Europacific Partners (CCEP) has outperformed Diageo (DEO) over the past year, gaining 14.4% versus a loss of 11.6%. Over five years, CCEP leads with a +83.2% price change compared with -57.5% for DEO. Diageo is the larger company by market cap ($48.34 billion vs $45.64 billion), about 1.1 times the size.
On valuation, Diageo trades at a lower forward P/E (12.1x vs 18.8x for Coca-Cola Europacific Partners). Coca-Cola Europacific Partners offers the higher dividend yield (1.99% vs 0.58%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CCEP | DEO |
|---|---|---|
| Share price | $103.81 | $86.92 |
| Market cap | $45.64B | $48.34B |
| 1-day change | +2.92% | +2.58% |
| YTD return | +11.20% | -1.79% |
| 1-year return | +14.41% | -11.65% |
| 5-year return | +83.25% | -57.48% |
| P/E ratio (TTM) | 20.04 | 27.86 |
| Forward P/E | 18.76 | 12.10 |
| EPS (TTM) | $5.18 | $3.12 |
| Dividend yield | 1.99% | 0.58% |
| Annual dividend | $2.07 | $0.50 |
| Revenue (latest FY) | — | $27.96B |
| Revenue growth (YoY) | — | +0.26% |
| Net income (latest FY) | — | $2.54B |
| Gross margin | — | 43.53% |
| Operating margin | — | 15.50% |
| Net margin | — | 9.08% |
| 52-week high | $113.67 | $102.74 |
| 52-week low | $84.66 | $72.45 |
| Distance from 52-week high | -8.68% | -15.40% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +4.90% | +23.76% |
| Average volume | 1.80M | 1.08M |
| Shares outstanding | 439.65M | 556.15M |
| Employees | 37,003 | 27,972 |
| Sector | Consumer Staples | Consumer Staples |
| Industry | Beverages (Production/Distribution) | Beverages (Production/Distribution) |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- CCEP has outperformed DEO by 26.1 percentage points over the past year.
- Diageo trades at a higher earnings multiple (27.9x vs 20.0x trailing P/E).
- Coca-Cola Europacific Partners offers a meaningfully higher dividend yield (1.99% vs 0.58%).
About Coca-Cola Europacific Partners
CCEP stock →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, energy drinks, soft drinks, water, enhanced water, isotonic drinks, tea and coffee, juices, and other drinks.
Consumer Staples · Beverages (Production/Distribution) · 37,003 employees
About Diageo
DEO stock →Diageo plc, together with its subsidiaries, engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa. It offers beer, scotch, gin, vodka, rum, liqueur, raki, wine, cachaça, tequila, brandy, and Chinese white spirit beverages, as well as Irish, Canadian, Chinese US, and Indian whisky.
Consumer Staples · Beverages (Production/Distribution) · 27,972 employees
CCEP vs DEO FAQ
Which is bigger, Coca-Cola Europacific Partners or Diageo?
Diageo (DEO) is larger, with a market capitalization of $48.34B compared with $45.64B for Coca-Cola Europacific Partners (CCEP).
Which stock has performed better over the past year, CCEP or DEO?
CCEP returned +14.41% over the past 12 months, compared with -11.65% for DEO (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CCEP or DEO?
CCEP has the lower trailing P/E at 20.0, versus 27.9 for DEO. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Coca-Cola Europacific Partners or Diageo?
Coca-Cola Europacific Partners has the higher yield at 1.99%, compared with 0.58% for Diageo.
Are Coca-Cola Europacific Partners and Diageo in the same industry?
Yes. Both are classified in the Beverages (Production/Distribution) industry within the Consumer Staples sector.