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The latest announcement is out from Coca-Cola Europacific Partners ( (CCEP) ).
Coca-Cola Europacific Partners announced the repurchase of 57,253 ordinary shares as part of its ongoing share buyback program, which aims to repurchase up to EUR 1 billion of shares. This move is expected to enhance shareholder value and reflects the company’s commitment to returning capital to shareholders. The repurchased shares will be cancelled, indicating a reduction in the company’s outstanding shares, which could positively impact earnings per share and market perception.
More about Coca-Cola Europacific Partners
Coca-Cola Europacific Partners is a leading consumer goods company that manufactures, distributes, and sells popular beverage brands. It serves nearly 600 million consumers and supports over 4 million customers across 31 countries. The company leverages its multinational scale and local expertise to serve its markets effectively. It is listed on major stock exchanges including Euronext Amsterdam, NASDAQ, London Stock Exchange, and Spanish Stock Exchanges, and is part of the NASDAQ 100 and FTSE 100 indices.
Learn more about CCEP stock on TipRanks’ Stock Analysis page.