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 5, 2025 to March 11, 2025
Business Overview: CCEP is a leading consumer goods company serving nearly 600 million consumers across 31 countries. It is listed on Euronext Amsterdam, NASDAQ (Nasdaq 100 constituent), London Stock Exchange, and Spanish Stock Exchanges.
Key Financial Metrics and Transactions
This filing details daily share repurchase transactions under a buyback programme announced on February 14, 2025. The programme authorizes the repurchase of up to EUR 1 billion of ordinary shares. All repurchased shares are cancelled.
| Date of Purchase | US Venues (Shares) | London Venues (Shares) | Total Shares | US VWAP (USD) | London VWAP (GBP) |
|---|---|---|---|---|---|
| March 4, 2025 | 37,745 | 12,658 | 50,403 | 86.9152 | 68.8741 - 68.9082 |
| March 5, 2025 | 39,223 | 12,724 | 51,947 | 83.6402 | 65.5540 - 65.6395 |
| March 6, 2025 | 38,825 | 13,019 | 51,844 | 84.5005 | 65.5027 - 65.6216 |
| March 7, 2025 | 39,529 | 13,472 | 53,001 | 82.9956 | 64.7281 - 64.7958 |
| March 10, 2025 | 40,027 | 14,235 | 54,262 | 81.9182 | 63.5630 - 63.6821 |
Counterparty: Goldman Sachs & Co. LLC, Goldman Sachs International, or affiliates.
Revenue, Profit, and Cash Flow: The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on share transaction disclosures.
Material Changes and Trends
- Share Price Trend: During the reporting week, the Volume Weighted Average Price (VWAP) on US venues declined from approximately USD 86.92 to USD 81.92. London venue VWAPs declined from approximately GBP 68.90 to GBP 63.60.
- Volume Trend: Daily repurchase volumes remained relatively consistent, ranging between 50,000 and 54,000 shares per day.
- Programme Status: The transactions are part of an ongoing EUR 1 billion buyback programme; the filing does not state the total amount repurchased to date or the remaining authorization.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the execution of the buyback programme but contains no forward-looking guidance, earnings outlook, or strategic commentary beyond the standard company description.
Risks and Contingencies: No specific risks or contingencies are disclosed in this filing. The document includes a standard disclaimer that the announcement does not constitute an offer or solicitation of securities.
Unusual Items: None reported. Transactions were executed via standard trading venues (Nasdaq, LSE, CBOE Europe, Aquis).
Key Facts for Investor Verification
- Buyback Progress: Verify the total cumulative amount repurchased under the EUR 1 billion programme against the company's latest financial statements to assess remaining capacity.
- Share Count Impact: Confirm the reduction in total outstanding shares resulting from the cancellation of approximately 261,457 shares during this specific week.
- Market Conditions: Note the downward trend in share prices during the repurchase period, which may indicate market volatility or sector-specific pressures.
- Regulatory Compliance: Verify that the transactions comply with the Market Abuse Regulation (EU) No 596/2014 as applied in the UK, as referenced in the filing.