Fevertree Drinks ( (GB:FEVR) ) has provided an announcement.
Fevertree Drinks PLC has announced the repurchase of 114,587 of its ordinary shares, as part of a buyback program initiated in February 2025. The shares were purchased at prices ranging from 746 to 802 pence per share, with a weighted average price of 774.4085 pence. The company intends to cancel these shares, a move that could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share and potentially improving the stock’s market performance.
More about Fevertree Drinks
Fevertree Drinks PLC operates in the beverage industry, primarily focusing on the production and distribution of premium mixers. The company is known for its high-quality tonic waters, ginger ales, and other mixer products, catering to a global market with a strong emphasis on quality and brand reputation.
YTD Price Performance: 14.70%
Average Trading Volume: 9,524
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.21B
Learn more about FEVR stock on TipRanks’ Stock Analysis page.