Redhawk Wealth Advisors Inc. Boosts Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Redhawk Wealth Advisors Inc. lifted its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 39.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,423 shares of the company’s stock after purchasing an additional 1,832 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Coca-Cola Europacific Partners were worth $493,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CCEP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Coca-Cola Europacific Partners by 307.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock valued at $191,984,000 after purchasing an additional 1,839,321 shares during the period. Point72 Asset Management L.P. lifted its position in Coca-Cola Europacific Partners by 144.1% during the second quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock valued at $87,788,000 after buying an additional 711,121 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Coca-Cola Europacific Partners during the 3rd quarter worth $52,364,000. Point72 Europe London LLP purchased a new stake in shares of Coca-Cola Europacific Partners during the 2nd quarter valued at about $26,341,000. Finally, Samlyn Capital LLC lifted its position in shares of Coca-Cola Europacific Partners by 23.2% during the second quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock worth $135,155,000 after purchasing an additional 349,466 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP opened at $75.96 on Friday. Coca-Cola Europacific Partners PLC has a 52 week low of $65.74 and a 52 week high of $82.32. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average of $76.87 and a 200-day moving average of $76.85.

Coca-Cola Europacific Partners Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were paid a $1.34 dividend. The ex-dividend date was Friday, November 15th. This is a positive change from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. This represents a dividend yield of 2.6%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays raised their price target on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, UBS Group increased their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and a consensus target price of $84.44.

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.