The latest update is out from Fevertree Drinks ( (GB:FEVR) ).
Fevertree Drinks PLC has announced the repurchase of 118,647 of its ordinary shares, as part of a buyback program initiated in February 2025. The shares were bought at prices ranging between 695.00 and 715.00 pence, with a weighted average price of 707.3902 pence. The company plans to cancel these shares, which could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing the earnings per share. This move reflects Fevertree’s strategic focus on optimizing its capital structure and delivering value to its stakeholders.
More about Fevertree Drinks
Fevertree Drinks PLC is a company operating in the beverage industry, primarily known for its premium mixers. The company focuses on providing high-quality tonic waters, ginger ales, and other mixer products, catering to a market that values premium and artisanal beverage options.
YTD Price Performance: 8.22%
Average Trading Volume: 8,906
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.15B
See more insights into FEVR stock on TipRanks’ Stock Analysis page.