Redhawk Wealth Advisors Inc. Acquires 5,264 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Redhawk Wealth Advisors Inc. raised its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 82.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,687 shares of the company's stock after acquiring an additional 5,264 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in Coca-Cola Europacific Partners were worth $1,017,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. NBC Securities Inc. bought a new position in shares of Coca-Cola Europacific Partners during the first quarter worth $28,000. SBI Securities Co. Ltd. bought a new stake in Coca-Cola Europacific Partners during the 4th quarter worth about $27,000. Optiver Holding B.V. bought a new stake in Coca-Cola Europacific Partners during the 4th quarter worth about $29,000. Summit Securities Group LLC acquired a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth about $34,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth about $52,000. 31.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Evercore ISI upped their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Barclays increased their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of "Moderate Buy" and an average target price of $88.50.

Coca-Cola Europacific Partners Trading Down 0.7%

Shares of CCEP traded down $0.68 during trading hours on Friday, hitting $92.85. 1,249,376 shares of the stock were exchanged, compared to its average volume of 1,785,275. Coca-Cola Europacific Partners PLC has a fifty-two week low of $71.49 and a fifty-two week high of $93.75. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The business has a 50-day moving average of $89.27 and a 200-day moving average of $83.60. The firm has a market capitalization of $42.80 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 4.89 and a beta of 0.78.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were paid a $0.8993 dividend. This represents a dividend yield of 2.4%. The ex-dividend date was Friday, May 16th. Coca-Cola Europacific Partners's dividend payout ratio (DPR) is 16.26%.

Coca-Cola Europacific Partners Profile

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.