5,706 Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Acquired by Principal Securities Inc.

Principal Securities Inc. acquired a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEPFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,706 shares of the company’s stock, valued at approximately $381,000.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at $28,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Coca-Cola Europacific Partners by 220.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock valued at $34,000 after acquiring an additional 352 shares during the period. Global Retirement Partners LLC boosted its position in Coca-Cola Europacific Partners by 24.1% in the fourth quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock worth $54,000 after purchasing an additional 155 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $61,000. Finally, NBC Securities Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter valued at about $73,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Up 0.4 %

CCEP opened at $75.13 on Thursday. The firm has a 50 day moving average of $70.48 and a two-hundred day moving average of $66.99. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72. Coca-Cola Europacific Partners PLC has a 12-month low of $56.28 and a 12-month high of $75.43.

Coca-Cola Europacific Partners (NASDAQ:CCEPGet Free Report) last announced its quarterly earnings results on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.85. On average, equities research analysts expect that Coca-Cola Europacific Partners PLC will post 4.15 earnings per share for the current fiscal year.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, May 23rd. Investors of record on Friday, May 10th will be given a dividend of $0.79 per share. The ex-dividend date is Thursday, May 9th. This represents a dividend yield of 5.6%.

Analysts Set New Price Targets

CCEP has been the topic of several recent research reports. Barclays increased their price target on shares of Coca-Cola Europacific Partners from $78.00 to $84.00 and gave the stock an “overweight” rating in a research report on Tuesday. StockNews.com downgraded Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Monday. Argus upped their price target on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, UBS Group increased their target price on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, February 26th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.44.

Check Out Our Latest Stock Report on Coca-Cola Europacific Partners

Coca-Cola Europacific Partners Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Coca-Cola Europacific Partners (NASDAQ:CCEP)

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