An update from Fevertree Drinks ( (GB:FEVR) ) is now available.
Fevertree Drinks PLC announced the repurchase of 73,603 of its ordinary shares as part of a buyback program authorized by shareholders at the 2024 Annual General Meeting. The shares were purchased at prices ranging from 674.00 to 712.50 pence per share, with the company planning to cancel the repurchased shares. This move is part of Fevertree’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting confidence in its financial health and future prospects.
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 and other mixer products, catering to a global market with a strong emphasis on quality and innovation.
YTD Price Performance: 1.92%
Average Trading Volume: 8,477
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.07B
Learn more about FEVR stock on TipRanks’ Stock Analysis page.