Coca-Cola Europacific Partners Repurchases 49,773 Shares as Part of EUR 1 Billion Share Buyback Program.

Coca-Cola Europacific Partners has repurchased 49,773 ordinary shares as part of its EUR 1 billion share buyback program. The transactions were executed on US and London trading venues, reflecting the company's commitment to strategic financial management and enhancing shareholder value. The company serves nearly 600 million consumers across 31 countries and is listed on multiple major stock exchanges.

Coca-Cola Europacific Partners (CCEP) has announced the repurchase of 49,773 ordinary shares as part of its ongoing share buyback program, which aims to repurchase up to EUR 1 billion of shares. The transactions, executed on both US and London trading venues, reflect the company's strategic financial management and commitment to enhancing shareholder value [1].

The company, which serves nearly 600 million consumers across 31 countries, combines the capabilities of a large multinational with local expertise. CCEP is listed on multiple major stock exchanges, including Euronext Amsterdam, NASDAQ, and the London Stock Exchange. The recent share repurchases are part of a previously announced buyback program, which aims to repurchase up to €1 billion of ordinary shares in aggregate [2].

The transactions, executed between July 22 and July 28, included the following:
- On July 22, 35,902 ordinary shares were bought on U.S. trading venues, including NASDAQ, and 16,703 shares on London trading venues.
- On July 23, 35,513 shares were acquired on U.S. trading venues and 15,520 shares on London trading venues.
- On July 24, 35,283 shares were repurchased on U.S. trading venues and 13,900 shares on London trading venues.
- On July 25, 35,439 shares were bought on U.S. trading venues and 17,008 shares on London trading venues.
- On July 28, 36,026 shares were purchased on U.S. trading venues and 17,051 shares on London trading venues.

The highest price paid per share on the U.S. trading venues ranged from $99.13 to $100.65, while the lowest price ranged from $97.50 to $99.74. On the London Stock Exchange and related venues, the highest price per share ranged from £73.40 to £75.10, with the lowest between £72.50 and £74.00. All transactions were executed through Goldman Sachs & Co. LLC, Goldman Sachs International, or their affiliates [2].

These purchases are part of a previously announced buyback program, under which Coca-Cola Europacific Partners expects to repurchase up to €1 billion of ordinary shares in aggregate. The company maintains a solid current ratio of 1.56 and offers investors a 3.69% dividend yield. With a revenue growth of 6.78% in the last twelve months and an Altman Z-Score of 6.98 indicating strong financial stability, InvestingPro subscribers can access over 30 additional financial metrics and exclusive insights about CCEP’s financial health and growth potential [2].

References:
[1] https://www.tipranks.com/news/company-announcements/coca-cola-europacific-partners-advances-share-buyback-program-95
[2] https://www.investing.com/news/sec-filings/cocacola-europacific-partners-continues-share-buyback-with-new-repurchases-93CH-4158076