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Northwestern Mutual Wealth Management Co. Grows Holdings in Coca-Cola Europacific Partners PLC (NYSE:CCEP)

Northwestern Mutual Wealth Management Co. increased its position in shares of Coca-Cola Europacific Partners PLC (NYSE:CCEPGet Rating) by 9.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,381 shares of the company’s stock after buying an additional 445 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Coca-Cola Europacific Partners were worth $262,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCEP. Teacher Retirement System of Texas increased its position in shares of Coca-Cola Europacific Partners by 13.4% in the 1st quarter. Teacher Retirement System of Texas now owns 165,223 shares of the company’s stock worth $8,031,000 after purchasing an additional 19,573 shares during the last quarter. Forsta AP Fonden increased its position in shares of Coca-Cola Europacific Partners by 6.7% in the 1st quarter. Forsta AP Fonden now owns 45,900 shares of the company’s stock worth $2,231,000 after purchasing an additional 2,900 shares during the last quarter. Private Management Group Inc. increased its position in shares of Coca-Cola Europacific Partners by 35.4% in the 1st quarter. Private Management Group Inc. now owns 442,338 shares of the company’s stock worth $21,502,000 after purchasing an additional 115,718 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Coca-Cola Europacific Partners by 3.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 32,116 shares of the company’s stock worth $1,561,000 after purchasing an additional 937 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Coca-Cola Europacific Partners by 3.8% in the 1st quarter. CIBC Asset Management Inc now owns 22,841 shares of the company’s stock worth $1,110,000 after purchasing an additional 846 shares during the last quarter.

Coca-Cola Europacific Partners Stock Up 0.8 %

Coca-Cola Europacific Partners stock opened at $52.41 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.94 and a quick ratio of 0.75. The firm has a 50-day moving average price of $52.23 and a two-hundred day moving average price of $51.50. Coca-Cola Europacific Partners PLC has a 52-week low of $42.33 and a 52-week high of $61.26.

Analysts Set New Price Targets

Several research firms have recently weighed in on CCEP. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Coca-Cola Europacific Partners from $66.00 to $59.00 in a research report on Thursday, April 28th. Barclays lifted their price target on shares of Coca-Cola Europacific Partners to €67.00 ($68.37) in a report on Friday, April 29th. Societe Generale lifted their price target on shares of Coca-Cola Europacific Partners to €44.00 ($44.90) and gave the company a “sell” rating in a report on Wednesday, July 6th. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, UBS Group raised shares of Coca-Cola Europacific Partners from a “neutral” rating to a “buy” rating and lifted their price target for the company from $62.00 to $68.00 in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.63.

About Coca-Cola Europacific Partners

(Get Rating)

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. The company 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.

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Want to see what other hedge funds are holding CCEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Europacific Partners PLC (NYSE:CCEPGet Rating).

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