Coca-Cola Europacific Partners ( (CCEP) ) just unveiled an update.
Coca-Cola Europacific Partners announced the repurchase of a total of 57,151 ordinary shares as part of its share buyback program, which aims to repurchase up to EUR 1 billion of shares. The shares were purchased from Goldman Sachs & Co. LLC and its affiliates across US and London trading venues and will be cancelled. This move is part of the company’s strategy to enhance shareholder value and optimize its capital structure, reflecting confidence in its financial health and future prospects.
Spark’s Take on CCEP Stock
According to Spark, TipRanks’ AI Analyst, CCEP is a Outperform.
Coca-Cola Europacific Partners exhibits strong financial performance and positive earnings guidance, which supports a high overall score. The technical indicators reflect a favorable market trend, though the valuation is somewhat elevated, which tempers the overall enthusiasm. Challenges in certain markets are noted but are being addressed, maintaining a balanced outlook.
To see Spark’s full report on CCEP stock, click here.
More about Coca-Cola Europacific Partners
Coca-Cola Europacific Partners is a leading consumer goods company, known for producing, distributing, and selling popular beverage brands. It serves nearly 600 million consumers and supports over 4 million customers across 31 countries. The company leverages its multinational scale and local expertise to cater to its diverse customer base. It is listed on major stock exchanges including Euronext Amsterdam, NASDAQ, London Stock Exchange, and the Spanish Stock Exchanges, and is part of the Nasdaq 100 and FTSE 100 indices.
YTD Price Performance: 14.80%
Average Trading Volume: 2,739,932
Technical Sentiment Signal: Sell
Current Market Cap: $40.49B
For an in-depth examination of CCEP stock, go to TipRanks’ Stock Analysis page.