Coca-Cola Europacific Partners ( (CCEP) ) has shared an update.
Coca-Cola Europacific Partners has announced the repurchase of 53,726 ordinary shares as part of its share buyback program, which aims to repurchase up to EUR 1 billion in shares. This move is expected to enhance shareholder value and demonstrates the company’s commitment to returning capital to its investors. The repurchased shares, acquired from Goldman Sachs affiliates, will be cancelled, potentially impacting the company’s stock value and market perception.
More about Coca-Cola Europacific Partners
Coca-Cola Europacific Partners is a leading consumer goods company that produces, distributes, and sells popular beverage brands. It operates across 31 countries, serving nearly 600 million consumers and supporting over 4 million customers. The company leverages its multinational scale and local expertise to effectively cater to its diverse markets.
YTD Price Performance: 12.74%
Average Trading Volume: 2,408,710
Technical Sentiment Signal: Sell
Current Market Cap: $39.77B
For detailed information about CCEP stock, go to TipRanks’ Stock Analysis page.