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Today, Coca-Cola (NYSE:KO) Europacific Partners plc (NASDAQ:CCEP), currently trading at $19.49 and down nearly 50% over the past year according to InvestingPro data, confirmed its ongoing share repurchase activities as part of a buyback program announced earlier this year. According to a recent SEC filing, the company has been acquiring its ordinary shares across various trading venues, including the US and London.
The filing details transactions from May 28 to June 2, 2025, during which Coca-Cola Europacific Partners purchased several tranches of shares. On May 28, the company bought 34,426 shares on US trading venues and 16,000 shares on London venues. This activity continued over the following days, with purchases of 34,188 shares in the US and 15,469 in London on May 29; 33,447 shares in the US and 15,723 in London on May 30; and 33,829 shares in the US and 15,446 in London on June 2. The company maintains a solid financial position with a current ratio of 1.56 and an Altman Z-Score of 6.96, according to InvestingPro metrics.
The buyback program, announced on February 14, 2025, aims to repurchase up to €1 billion worth of ordinary shares. The acquired shares are intended for cancellation, reducing the total number of shares outstanding.
The company’s repurchase activities were conducted through Goldman Sachs & Co. LLC and its affiliates. Prices paid per share varied, with the highest recorded price at $92.31 for US transactions and £68.30 for London transactions.
Coca-Cola Europacific Partners is listed on multiple exchanges, including Euronext (EPA:ENX) Amsterdam, NASDAQ, the London Stock Exchange (LON:LSEG), and the Spanish Stock Exchanges. It is part of the NASDAQ 100 and FTSE 100 indices.
This information is based on a press release statement filed with the SEC.
In other recent news, Pan American Silver Corp (NYSE:PAAS). has disclosed the acquisition of MAG Silver Corp (TSX:MAG), marking a significant development in the mining sector. This strategic move is expected to enhance Pan American Silver (TSX:PAAS)’s market position by expanding its portfolio in the gold and silver ores industry. The acquisition details were filed with the U.S. Securities and Exchange Commission, including essential documents like the Arrangement Agreement and the Form of Voting and Support Agreement. Meanwhile, Coca-Cola Europacific Partners has progressed with its share buyback program, confirming the repurchase of 30,755 ordinary shares, with plans to repurchase up to EUR 1 billion in total. This initiative is part of the company’s strategy to reduce its issued share capital and involves transactions on both US and London trading venues.
Americas Gold & Silver Corp has filed a Form 6-K with the SEC, providing updates on corporate governance and upcoming meetings, a move aimed at ensuring transparency and compliance with regulatory requirements. Similarly, ZOOZ Power Ltd. announced its participation in the 2025 Aegis Capital Virtual Conference, as part of its ongoing efforts to keep investors informed about significant company developments. The filing by ZOOZ Power affirms its commitment to transparency and regulatory compliance. These recent developments provide investors with insights into the strategic actions and regulatory compliance of these companies.
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