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Coca-Cola (NYSE:KO) Europacific Partners (NASDAQ:CCEP), currently rated as fairly valued according to InvestingPro analysis with a FAIR financial health rating, reported a series of share repurchases over the past week as part of its ongoing buyback program, according to a statement released Tuesday based on a Securities and Exchange Commission filing. The company maintains a solid current ratio of 1.56 and offers investors a 3.69% dividend yield.
The company confirmed that it purchased and will cancel ordinary shares on several trading venues between July 22 and July 28. The transactions included the following:
- On July 22, 35,902 ordinary shares were bought on U.S. trading venues, including NASDAQ, and 16,703 shares on London trading venues, which comprise the London Stock Exchange (LON:LSEG) and CBOE Europe Limited.
- On July 23, 35,513 shares were acquired on U.S. trading venues and 15,520 shares on London trading venues.
- On July 24, 35,283 shares were repurchased on U.S. trading venues and 13,900 shares on London trading venues.
- On July 25, 35,439 shares were bought on U.S. trading venues and 17,008 shares on London trading venues.
- On July 28, 36,026 shares were purchased on U.S. trading venues and 17,051 shares on London trading venues.
The highest price paid per share on the U.S. trading venues ranged from $99.13 to $100.65, while the lowest price ranged from $97.50 to $99.74. On the London Stock Exchange and related venues, the highest price per share ranged from £73.40 to £75.10, with the lowest between £72.50 and £74.00.
All transactions were executed through Goldman Sachs & Co. LLC, Goldman Sachs International, or their affiliates. The company stated that the repurchased shares will be cancelled.
These purchases are part of a previously announced buyback program, under which Coca-Cola Europacific Partners expects to repurchase up to €1 billion of ordinary shares in aggregate. With a revenue growth of 6.78% in the last twelve months and an Altman Z-Score of 6.98 indicating strong financial stability, InvestingPro subscribers can access over 30 additional financial metrics and exclusive insights about CCEP’s financial health and growth potential.
Coca-Cola Europacific Partners is listed on Euronext (EPA:ENX) Amsterdam, NASDAQ, the London Stock Exchange, and Spanish stock exchanges, trading under the symbol CCEP.
This article is based on a press release statement filed with the SEC.
In other recent news, Magic Software (ETR:SOWGn) Enterprises (NASDAQ:MGIC) announced it will release its financial results for the second quarter and first half of 2025 on August 13. The company did not provide any additional financial figures or operational updates in its announcement. Coca-Cola Europacific Partners continues its share buyback program, initially announced on February 14, 2025, with a target of up to €1 billion in ordinary shares. Recent transactions include the purchase of 37,005 ordinary shares on US trading venues and 16,641 shares across the London Stock Exchange and CBOE Europe Limited. All repurchased shares are scheduled to be canceled as part of the buyback initiative. Charlotte’s Web Holdings (OTC:CWBHF) has issued a $750,000 loan to DeFloria Inc., a joint venture with AJNA BioSciences PBC and a subsidiary of British American Tobacco (NYSE:BTI). The loan, due by December 31, 2026, includes provisions for default that allow Charlotte’s Web Holdings to exercise rights under the agreement. These developments reflect ongoing strategic and financial maneuvers by the companies involved.
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