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

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

A number of other hedge funds also recently bought and sold shares of CCEP. SBI Securities Co. Ltd. acquired a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter worth about $27,000. NBC Securities Inc. acquired a new stake in Coca-Cola Europacific Partners during the first quarter worth approximately $28,000. Optiver Holding B.V. purchased a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $29,000. Summit Securities Group LLC acquired a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $34,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $52,000. Institutional investors and hedge funds own 31.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CCEP. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Barclays raised 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. UBS Group raised their price target on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Evercore ISI upped their target price on 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $88.50.

Coca-Cola Europacific Partners Stock Up 0.7%

Shares of Coca-Cola Europacific Partners stock traded up $0.67 during midday trading on Thursday, hitting $93.53. The company's stock had a trading volume of 1,514,553 shares, compared to its average volume of 1,787,691. The stock has a 50-day simple moving average of $88.84 and a 200-day simple moving average of $83.35. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $43.11 billion, a P/E ratio of 19.24, a PEG ratio of 4.89 and a beta of 0.78. Coca-Cola Europacific Partners PLC has a 1-year low of $71.49 and a 1-year high of $93.62.

Coca-Cola Europacific Partners Cuts Dividend

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

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.