Business Context and Reporting Period
Company: Coca-Cola Europacific Partners Plc (CCEP)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: March 12, 2025 to March 18, 2025
Business Overview: CCEP is a leading consumer goods company operating across 31 countries, serving nearly 600 million consumers and over 4 million customers. The company is listed on Euronext Amsterdam, NASDAQ (Nasdaq 100 constituent), London Stock Exchange, and Spanish Stock Exchanges.
Key Financial Metrics and Transactions
This filing details specific share repurchase transactions rather than operational financial results (revenue, profit, or cash flow). The following metrics relate to the company's capital allocation activities:
- Share Buyback Programme: Announced on February 14, 2025, with an aggregate authorization of up to EUR 1 billion.
- Transaction Counterparty: Goldman Sachs & Co. LLC, Goldman Sachs International, or affiliates.
- Share Treatment: All repurchased ordinary shares are cancelled.
- Trading Venues: Purchases executed on US Trading Venues (Nasdaq) and London Trading Venues (LSE, CBOE Europe, Aquis).
Transaction Summary (March 11–17, 2025):
| Date of Purchase | US Shares Purchased | London Shares Purchased | Total Shares | US VWAP (USD) | London VWAP (GBP) |
|---|---|---|---|---|---|
| March 11, 2025 | 39,708 | 13,473 | 53,181 | $82.64 | £63.35 - £63.63 |
| March 12, 2025 | 39,512 | 14,180 | 53,692 | $83.04 | £63.31 - £64.32 |
| March 13, 2025 | 39,769 | 14,086 | 53,855 | $82.51 | £63.79 - £63.83 |
| March 14, 2025 | 39,514 | 14,070 | 53,584 | $83.04 | £64.14 - £64.25 |
| March 17, 2025 | 38,694 | 13,513 | 52,207 | $84.79 | £65.17 - £65.28 |
Note: The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes and Trends
Share Price Movement: During the reporting week, the volume-weighted average price (VWAP) for US shares ranged from approximately $82.51 to $84.79, indicating a slight upward trend in the repurchase price by the end of the period. London share prices similarly ranged from approximately £63.31 to £65.28.
Volume Consistency: The company maintained a consistent daily repurchase volume, purchasing approximately 52,000 to 54,000 shares per trading day across both US and London venues.
Guidance, Outlook, and Risks
Capital Allocation Outlook: Management continues to execute the EUR 1 billion share buyback programme announced in February 2025. The consistent daily purchases suggest an active commitment to returning capital to shareholders.
Risks and Contingencies: The filing contains no new material risk factors or contingencies beyond standard market trading risks. It explicitly states that the announcements do not constitute an offer or solicitation of securities.
Key Facts for Investor Verification
- Programme Status: Verify the remaining balance of the EUR 1 billion buyback authorization against the cumulative spend of these transactions.
- Share Count Impact: Confirm the reduction in total outstanding shares due to the cancellation of approximately 266,519 shares repurchased during this specific week.
- Market Execution: Note that purchases were executed via Goldman Sachs affiliates, which may imply the use of trading algorithms or specific liquidity strategies.
- Regulatory Compliance: Transactions were reported in accordance with the UK Market Abuse Regulation (Article 5(1)(b)).