Coca-Cola Europacific Partners PLC Executes Share Buyback Amid Strong YTD Performance
Coca-Cola Europacific Partners PLC (CCEP) shares edged down 0.15% to $92.57 following the company's repurchase of 16,064 ordinary shares in London trading venues. The buyback forms part of a broader €1 billion program designed to enhance shareholder value through share cancellation.
The beverage distributor continues to outperform benchmarks with a 22.69% year-to-date return, significantly outpacing the FTSE 100. Analyst confidence appears robust, with full-year earnings estimates revised upward by 3.2%.
Transaction details reveal shares were acquired across multiple London platforms at prices ranging between £68.81 and £69.05. No U.S. purchases occurred due to the Juneteenth market closure.