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Coca-Cola Europacific Partners plc (NASDAQ:CCEP) reported Monday that it completed the third tranche of its share buyback program ahead of schedule and began a new phase of the program. The company, which maintains a solid financial health score according to InvestingPro analysis, has demonstrated strong revenue growth of ~13% over the last twelve months. The information is based on a statement released through a Securities and Exchange Commission filing.
On Friday, the company purchased 40,189 ordinary shares on US trading venues. All repurchased shares will be cancelled. The third tranche of the buyback program acquired a total of 1,794,369 ordinary shares for approximately €137.9 million. Currently trading at $26.55, the stock appears overvalued based on InvestingPro’s Fair Value analysis, while offering a dividend yield of 3.02%.
Coca-Cola Europacific Partners confirmed it has entered into new agreements with Jefferies LLC and Jefferies International Limited to execute the next tranche of the buyback program. The new tranche is expected to run from September 29, 2025, through December 19, 2025, with a maximum aggregate amount of €382 million. Up to €102 million of this amount is allocated for purchases on London trading venues, which are expected to be completed by December 12, 2025.
The company stated that the purpose of the program is to reduce its issued share capital. With a healthy current ratio of 1.56 and manageable debt levels, the company maintains financial flexibility for such capital allocation decisions. Purchases will be made independently of and uninfluenced by the company, in accordance with applicable US and UK regulations. For deeper insights into CCEP’s financial metrics and exclusive analysis, visit InvestingPro.
On Monday, Coca-Cola Europacific Partners also reported the repurchase of 74,090 ordinary shares on US trading venues and 31,562 ordinary shares on London trading venues. The highest price paid per share on US venues was $89.72, and on London venues was £67.10.
The company’s buyback program, first announced on February 14, 2025, authorizes up to €1 billion in aggregate ordinary share repurchases. Coca-Cola Europacific Partners is listed on Euronext Amsterdam, NASDAQ, the London Stock Exchange, and the Spanish Stock Exchanges under the symbol CCEP.
All information in this article is based on a statement issued by the company in a SEC filing.
In other recent news, Coca-Cola Europacific Partners has been actively engaging in share repurchases as part of its ongoing buyback program. The company reported purchasing 78,263 of its own ordinary shares on U.S. trading venues during recent trading days, with prices ranging from $89.65 to $90.50 per share. Additionally, a separate transaction involved the acquisition of 34,137 shares, with prices reaching as high as $89.34 per share. These repurchases are part of a broader strategy that included buying shares on both U.S. and London trading venues, with a notable purchase of 36,194 shares in the U.S. and 21,059 shares in London between August 26 and September 1.
Meanwhile, Zooz Power announced that its shareholders approved a $180 million private placement and a new bitcoin treasury reserve strategy. This decision was made at an Extraordinary General Meeting, and all proposals were passed by the requisite majority. Thumzup Media Corp also revealed a merger agreement with Dogehash Technologies, an industrial-scale blockchain infrastructure company. Under the merger terms, Thumzup Media will change its name to Dogehash Technologies Holdings and issue 30,700,000 shares of restricted common stock to Dogehash shareholders. These developments highlight significant strategic moves by the companies involved.
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