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

Redhawk Wealth Advisors Inc. acquired a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,591 shares of the company’s stock, valued at approximately $362,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Samlyn Capital LLC boosted its position in shares of Coca-Cola Europacific Partners by 23.2% in the second quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock valued at $135,155,000 after acquiring an additional 349,466 shares during the period. Millennium Management LLC grew its position in Coca-Cola Europacific Partners by 7.6% in the 2nd quarter. Millennium Management LLC now owns 1,636,023 shares of the company’s stock worth $119,217,000 after purchasing an additional 115,604 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Coca-Cola Europacific Partners by 144.1% in 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 during the period. Public Sector Pension Investment Board grew its position in Coca-Cola Europacific Partners by 3.4% during the second quarter. Public Sector Pension Investment Board now owns 887,013 shares of the company’s stock worth $64,637,000 after buying an additional 29,181 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Coca-Cola Europacific Partners during the first quarter valued at about $47,839,000. Institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CCEP. Barclays reduced their price objective on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday. Bank of America raised their price target on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft upped their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 9th. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target for the company. in a report on Tuesday, September 10th. Finally, Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average price target of $80.88.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock opened at $78.36 on Tuesday. The firm has a market cap of $35.79 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 3.54 and a beta of 0.90. Coca-Cola Europacific Partners PLC has a 12 month low of $56.45 and a 12 month 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 stock has a 50-day moving average price of $78.51 and a 200 day moving average price of $74.56.

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.