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Coca-Cola (NYSE:KO) Europacific Partners plc (NASDAQ:CCEP), currently trading at $22.18 with a 3.61% dividend yield, announced Monday it has commenced the third tranche of its share buyback program, with plans to repurchase up to €255 million worth of ordinary shares between August 8 and November 6, 2025. According to InvestingPro analysis, the company maintains a FAIR financial health score of 2.45, supported by solid revenue growth of 6.78% in the last twelve months. The company stated that up to €80 million of this tranche will be allocated to purchases on the London Trading Venues, with those purchases expected to conclude by October 30. With annual revenue reaching $10.99 billion and a healthy current ratio of 1.56, CCEP demonstrates strong operational performance. InvestingPro analysis suggests the stock is currently trading near its Fair Value, making it an interesting watch for value investors.
According to the company’s press release statement, all shares repurchased under this program will be cancelled. The buyback arrangement involves Goldman Sachs & Co. LLC and Goldman Sachs International, enabling purchases on both US Trading Venues, including NASDAQ, and London Trading Venues such as the London Stock Exchange (LON:LSEG) and CBOE Europe Limited.
The announcement also confirmed that the second tranche of the program, which aimed to return up to €205 million to shareholders, was completed on August 7. The first tranche, targeting up to €275 million, was completed on May 23. The company expects to repurchase up to €1 billion of ordinary shares in aggregate under the program announced on February 14, 2025.
Recent purchases disclosed in the filing include:
- On August 5, 39,685 ordinary shares were bought on US Trading Venues at a volume weighted average price of $98.27 per share.
- On August 6, 43,934 shares were acquired at an average price of $90.28 per share.
- On August 7, 43,205 shares were purchased at an average price of $92.57 per share.
- On August 8, 28,892 shares were bought on US Trading Venues at an average price of $94.39 per share, and 20,791 shares on London Trading Venues at an average price of £69.75 per share.
- On August 11, 28,787 shares were acquired on US Trading Venues at an average price of $94.73 per share, and 19,480 shares on London Trading Venues at an average price of £70.60 per share.
Coca-Cola Europacific Partners is listed on Euronext (EPA:ENX) Amsterdam, NASDAQ, the London Stock Exchange, and Spanish Stock Exchanges under the symbol CCEP. This report is based on a press release statement and information disclosed in a SEC filing.
In other recent news, Coca-Cola Europacific Partners has been actively engaging in a share buyback program, executing a series of repurchases on both U.S. and London trading venues. The company has confirmed the purchase and subsequent cancellation of ordinary shares as part of this program, which aims to buy back up to €1 billion in shares. This initiative reflects ongoing efforts to manage the company’s capital structure. Meanwhile, Charlotte’s Web Holdings (OTC:CWBHF) announced a $750,000 loan to DeFloria Inc., a joint venture involving AJNA BioSciences and a subsidiary of British American Tobacco (NYSE:BTI). The loan agreement includes specific terms regarding repayment and conditions under which Charlotte’s Web Holdings can exercise its rights. Additionally, Magic Software (ETR:SOWGn) Enterprises (NASDAQ:MGIC) plans to release its second-quarter and first-half financial results on August 13. The announcement was made in a filing with the U.S. Securities and Exchange Commission, although no preliminary financial figures were disclosed.
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