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Coca-Cola (NYSE:KO) Europacific Partners plc (NASDAQ:CCEP), currently trading at $23.26 and offering a 3.45% dividend yield, reported a series of share repurchases on several trading venues, according to a press release statement filed with the Securities and Exchange Commission. InvestingPro analysis shows the company maintains a GOOD financial health score, with strong performance across multiple metrics.
The company confirmed that from August 13 to Monday, it purchased its own ordinary shares across US Trading Venues, including NASDAQ, and London Trading Venues, which comprise the London Stock Exchange (LON:LSEG) and CBOE Europe Limited (BXE and CXE). The repurchased shares are part of a buyback program announced on February 14, 2025, under which the company expects to repurchase up to €1 billion of ordinary shares in aggregate. With revenue growth of 6.78% in the last twelve months and an upcoming earnings announcement on August 29, investors are closely watching these strategic moves.
On August 12, the company bought 29,107 ordinary shares on US Trading Venues and 16,644 shares on London Trading Venues. On August 13, it purchased 29,690 shares on US venues and 20,647 shares on London venues. On August 14, the company acquired 29,884 shares on US venues and 19,652 shares on London venues. On August 15, it bought 29,979 shares on US venues and 20,336 shares on London venues.
On Monday, the company purchased 42,930 ordinary shares exclusively on US Trading Venues, with no shares acquired on London venues.
The highest price paid per share on the US venues during this period ranged from $91.04 to $94.92, while on the London venues, prices ranged from £66.70 to £70.70. All repurchased shares will be cancelled.
The purchases were executed through Goldman Sachs & Co. LLC, Goldman Sachs International, or their affiliates.
Coca-Cola Europacific Partners is listed on Euronext (EPA:ENX) Amsterdam, NASDAQ, the London Stock Exchange, and the Spanish Stock Exchanges under the symbol CCEP. The information in this article is based on a press release statement filed with the SEC.
In other recent news, Coca-Cola Europacific Partners announced it has commenced the third tranche of its share buyback program, planning to repurchase up to €255 million worth of ordinary shares by November 6, 2025. The company stated that up to €80 million of this tranche would be allocated for purchases on the London Trading Venues, with these expected to conclude by October 30. As part of this ongoing initiative, Coca-Cola Europacific Partners has been actively repurchasing and canceling shares on both US and London trading venues. This buyback program, initially announced in February 2025, aims for an aggregate target of up to €1 billion in ordinary shares.
Meanwhile, Magic Software (ETR:SOWGn) Enterprises (NASDAQ:MGIC) is set to release its financial results for the second quarter and first half of 2025 on August 13. No additional financial figures or operational updates were provided ahead of this release. In another development, Charlotte’s Web Holdings (OTC:CWBHF) entered into a promissory note to loan $750,000 to DeFloria Inc., a joint venture with AJNA BioSciences and a subsidiary of British American Tobacco (NYSE:BTI). The loan is due by December 31, 2026, or upon the company issuing and selling at least $10 million of newly authorized preferred units.
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