Coca-Cola Europacific Partners continues share buyback with recent purchases

Published 02/09/2025, 12:46
Coca-Cola Europacific Partners continues share buyback with recent purchases

Coca-Cola Europacific Partners plc (NASDAQ:CCEP) reported a series of share repurchases as part of its ongoing buyback program, according to a statement released Tuesday based on a recent SEC filing. The company, which currently maintains a "GOOD" overall financial health score according to InvestingPro analysis, has shown resilient performance with revenue growth of 6.8% over the last twelve months.

The company confirmed that between August 26 and September 1, it acquired its own ordinary shares across multiple trading venues. On August 26, Coca-Cola Europacific Partners purchased a total of 36,194 ordinary shares on US trading venues, including NASDAQ, and 21,059 ordinary shares on London trading venues. The highest price paid per share was $90.07 in the US and £66.80 in London. The lowest prices were $89.03 and £65.80, respectively.

On August 27, the company acquired 36,582 ordinary shares on US trading venues and 21,214 shares on London venues. The highest price per share reached $89.06 in the US and £66.80 in London. On August 28, 36,625 shares were repurchased in the US and 17,770 in London, with the highest prices at $88.90 and £65.90, respectively.

Further purchases took place on August 29, with 36,386 shares acquired in the US and 16,895 in London. The highest prices paid were $89.33 and £66.30. On September 1, due to the Labor Day public holiday in the US, no shares were bought on US venues, but 17,949 shares were acquired on London trading venues at a highest price of £66.00 per share.

All repurchased shares are to be cancelled. The transactions are part of the company’s previously announced share buyback program, under which it expects to repurchase up to €1 billion of its ordinary shares in aggregate.

Coca-Cola Europacific Partners is listed on Euronext Amsterdam, NASDAQ, the London Stock Exchange, and Spanish Stock Exchanges under the symbol CCEP. The information in this article is based on a press release statement and details disclosed in the company’s SEC filing.

In other recent news, Coca-Cola Europacific Partners has been actively engaging in a share buyback program. The company reported repurchasing 78,263 ordinary shares on US trading venues, including Nasdaq, during the latest trading days. This is part of a larger buyback initiative announced earlier, with plans to repurchase up to €1 billion of ordinary shares. Additionally, Coca-Cola Europacific Partners has launched the third tranche of its buyback program, aiming to repurchase up to €255 million worth of shares between August 8 and November 6, 2025. This tranche involves purchases on both US and London trading venues, facilitated by Goldman Sachs.

Meanwhile, Thumzup Media has entered into a merger agreement with Dogehash Technologies, an industrial-scale blockchain infrastructure company. As part of the merger, Thumzup Media will change its name to Dogehash Technologies Holdings, Inc. The agreement includes issuing 30,700,000 shares of restricted common stock to Dogehash shareholders, making Dogehash a wholly-owned subsidiary. These developments reflect significant strategic moves by both Coca-Cola Europacific Partners and Thumzup Media in their respective sectors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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