Hi Aleksander – thanks for the quick reply. To answer your questions…
Is it network (wp multisite) setup?
No
What theme do you use?
It’s a custom made theme.
Is your homepage set to show static page or blog (listing) page?
It’s set to show a static page (it’s a home template page)
When you enable WP debugging, do you see HFC head code HTML comment in frontend page source?
No – I don’t see the comment but I do see the sitewide code in frontend source.
Do you have enabled any caching or code optimisation plugin?
Yes – WordPress Rocket.
What kind of code missing on frontend homepage (css, javascript, or html)?
HTML – I’m trying to add <link rel=”alternate” href=”https://example.com” hreflang=”en-us” />
Here are screenshots of the setting page and homepage HFC section – https://imgur.com/a/qkUquDT