Coca-Cola Europacific Partners Reports Share Buybacks Totaling Over €6 Million
Coca-Cola Europacific Partners (CCEP) has disclosed a series of share repurchases amounting to more than €6.1 million, conducted between April 8 and April 12, 2024. The transactions are part of the company’s ongoing share buyback programme, underscoring its commitment to shareholder value and disciplined capital allocation.
In this latest round, CCEP acquired 111,470 ordinary shares at prices ranging from €54.79 to €55.59 per share. The volume-weighted average price paid was approximately €55.04 per share. The transactions were executed on regulated markets and reported in accordance with the EU Market Abuse Regulation and Commission Delegated Regulation (EU) 2016/1052.
The buyback initiative forms part of broader capital return strategies increasingly adopted by leading FMCG players to optimize balance sheets and enhance earnings per share. For CCEP, one of the world’s largest bottlers of Coca-Cola products, the move also reinforces confidence in its financial outlook following a series of strong earnings reports and performance in core European and Asia Pacific markets.
As of this reporting period, the purchased shares will either be held in treasury or cancelled, depending on the company’s stated objectives under its buyback programme.
With the FMCG sector continuing to navigate cost pressures, inflationary headwinds, and changing consumer preferences, capital efficiencies such as share repurchases remain a strategic lever. For industry stakeholders, CCEP’s sustained buyback activity signals robust free cash flow generation and a healthy balance between reinvestment and shareholder returns.
Market analysts will be watching closely to see if this pace of buybacks continues throughout the year, particularly as competitors adopt similar policies in a bid to maintain investor confidence and support stock prices amid global uncertainty.