Coca-Cola Europacific Partners Advances EUR 1 Billion Share Buyback Programme

Coca-Cola Europacific Partners ( (CCEP) ) has shared an update.

Coca-Cola Europacific Partners has repurchased 92,814 ordinary shares on U.S. trading venues and 19,836 ordinary shares on London trading venues from Goldman Sachs entities, with all of the bought-back shares to be cancelled. These transactions are part of the company’s previously announced share buyback programme, under which it plans to repurchase up to EUR 1 billion of its ordinary shares, signalling ongoing capital return to shareholders and potential support for its share price.

The buyback activity spans multiple listings, including Nasdaq, the London Stock Exchange and other associated venues where the company’s shares or depositary interests trade. By cancelling the repurchased shares, Coca-Cola Europacific Partners will reduce its share count, which may enhance earnings per share and underscores management’s confidence in the company’s financial position and long-term prospects.

More about Coca-Cola Europacific Partners

Coca-Cola Europacific Partners is a leading global consumer goods company that manufactures, distributes and sells Coca-Cola and other major beverage brands. It serves nearly 600 million consumers and more than 4 million customers across 31 countries, leveraging multinational scale and strong local market knowledge.

For a thorough assessment of CCEP stock, go to TipRanks’ Stock Analysis page.