The latest announcement is out from Fevertree Drinks ( (GB:FEVR) ).
Fevertree Drinks PLC announced the repurchase of 118,188 ordinary shares as part of its ongoing buyback program, with the intention to cancel these shares. This move, executed through Investec Bank, reflects the company’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning and investor relations positively.
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 market that values premium and natural ingredients.
YTD Price Performance: 6.53%
Average Trading Volume: 8,673
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.19B
Learn more about FEVR stock on TipRanks’ Stock Analysis page.