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Coca-Cola Europacific Partners has repurchased 51,623 ordinary shares as part of its EUR 1 billion share buyback program. The move aims to enhance shareholder value and reflects the company's robust financial position and commitment to returning capital to shareholders. CCEP is a leading consumer goods company that produces, distributes, and sells popular beverage brands across 31 countries.

Coca-Cola Europacific Partners (CCEP) has announced the repurchase of 51,623 ordinary shares as part of its EUR 1 billion share buyback program [1]. This strategic move aims to enhance shareholder value and reflects the company's robust financial position and commitment to returning capital to shareholders. The repurchase is part of a broader plan to repurchase up to EUR 1 billion in shares, demonstrating the company's confidence in its financial health and prospects.

CCEP is a leading consumer goods company that produces, distributes, and sells popular beverage brands across 31 countries. The company serves nearly 600 million consumers and supports over 4 million customers, leveraging its multinational scale and local expertise to cater to its diverse customer base. CCEP 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 [2].

The share buyback program is part of CCEP's ongoing efforts to improve shareholder value. By repurchasing shares, the company reduces the number of outstanding shares, which can potentially increase the value of remaining shares for current shareholders. Additionally, share buybacks can signal to the market that the company's management is confident in its future prospects and is committed to returning value to shareholders.

The recent repurchases, which totaled 37,005 ordinary shares on US trading venues and 16,641 ordinary shares on the London Stock Exchange, were conducted at an average price of $95.5590 and £70.9579, respectively [2]. These transactions are part of a broader initiative announced earlier in the year, targeting up to EUR 1 billion in ordinary shares for buyback.

The company maintains a healthy current ratio of 1.56 and offers shareholders a 3.36% dividend yield [2]. This indicates that CCEP is financially stable and committed to providing regular income to its shareholders. The company's strong financial position and commitment to returning capital to shareholders make it an attractive investment option for many investors.

References:
[1] https://www.tipranks.com/news/company-announcements/coca-cola-europacific-partners-advances-share-buyback-program-86
[2] https://ca.investing.com/news/sec-filings/cocacola-europacific-partners-continues-share-buyback-with-latest-purchases-93CH-4102326