Principal Financial Group Inc. Sells 1,468 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Principal Financial Group Inc. trimmed its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,797 shares of the company’s stock after selling 1,468 shares during the period. Principal Financial Group Inc.’s holdings in Coca-Cola Europacific Partners were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CCEP. Voisard Asset Management Group Inc. bought a new stake in Coca-Cola Europacific Partners during the fourth quarter worth $33,000. Crewe Advisors LLC purchased a new position in Coca-Cola Europacific Partners during the 1st quarter worth $36,000. New Covenant Trust Company N.A. bought a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter worth $36,000. New Millennium Group LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the second quarter valued at about $37,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Coca-Cola Europacific Partners during the first quarter valued at about $42,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. BNP Paribas lowered Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price for the company. in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday. Barclays upped their price objective on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Finally, Bank of America raised their target price on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.78.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP opened at $80.63 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a one year low of $56.28 and a one year high of $82.14. The business’s fifty day moving average price is $76.07 and its 200-day moving average price is $73.24.

About Coca-Cola Europacific Partners

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.