Core Viewpoint - Veeva Systems Inc. has announced a share repurchase program authorized to buy up to $2 billion of its Class A common stock, reflecting confidence in its long-term growth and financial strength [1][2]. Group 1: Share Repurchase Program - The share repurchase program allows Veeva to buy back shares through various means, including open market purchases and privately negotiated transactions, over a term of 2 years [2]. - The program does not obligate Veeva to acquire a specific number of shares and can be canceled or suspended at any time without notice [2]. Group 2: Financial Performance and Strategy - Veeva's multi-product business model, operational discipline, and focus on innovation and customer success have led to financial outperformance and strong cash generation [2]. - The company emphasizes its healthy balance sheet, which enables it to invest in future opportunities while returning capital to shareholders [2]. Group 3: Company Overview - Veeva Systems provides industry cloud solutions for life sciences, serving over 1,500 customers, including major pharmaceutical companies and emerging biotechs [3]. - As a Public Benefit Corporation, Veeva aims to balance the interests of all stakeholders, including customers, employees, and shareholders [3].

Core Viewpoint - Jefferson Capital, Inc. is conducting a secondary offering of 10,000,000 shares of its common stock, with an option for underwriters to purchase an additional 1,500,000 shares [1] Group 1: Offering Details - The secondary offering will allow existing stockholders to sell shares, with all net proceeds going to them [1] - Jefferson Capital plans to repurchase 3,000,000 shares of common stock from the underwriters at the same price as the offering, which will be retired post-offering [2] - The offering is managed by Jefferies and Keefe, Bruyette & Woods as joint-lead book-running managers, along with several other financial institutions [3] Group 2: Regulatory Information - A registration statement on Form S-1 has been filed with the U.S. Securities and Exchange Commission, but it is not yet effective, meaning securities cannot be sold until it is [5] - The offering will be conducted only through a prospectus, which will be available from the managing underwriters [4] Group 3: Company Background - Jefferson Capital, founded in 2002, specializes in purchasing and managing charged-off, insolvency, and active consumer accounts across multiple regions including the U.S., Canada, the U.K., and Latin America [7] - The company services both secured and unsecured assets and has a diverse client base, including Fortune 500 companies and various financial institutions [7]

Core Viewpoint - Okta, Inc. has announced a share repurchase program authorizing the purchase of up to $1 billion of its Class A Common Stock, reflecting the company's confidence in its business and belief that its shares are undervalued [1] Group 1 - The share repurchase program is effective immediately, indicating a proactive approach by the company to enhance shareholder value [1] - The decision underscores Okta's conviction in its significant long-term opportunities within the identity management sector [1] - The company highlights its scale, strong balance sheet, and proven ability to generate cash flow as key factors supporting this initiative [1]

Core Viewpoint - Nexxen International Ltd. has announced a share repurchase program, reflecting its commitment to returning capital to shareholders and enhancing long-term shareholder value [2][3]. Group 1: Share Repurchase Details - In December 2025, Nexxen repurchased 495,000 shares at an average price of $6.63, leaving approximately $7.5 million remaining under its current share repurchase authorization as of December 31, 2025 [1]. - Following a 30-day creditor objection period and consent from bank lenders, Nexxen has received authorization to initiate a new share repurchase program of up to $40 million, scheduled to begin upon completion of the current program [2]. - The new program allows Nexxen to repurchase shares at its discretion, with the possibility of suspension or modification, and any repurchased shares will be classified as dormant shares under Israeli law [3]. Group 2: Company Overview - Nexxen operates as a global advertising technology platform, specializing in data and advanced TV, with a technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP) [4]. - The company is headquartered in Israel and has offices across the United States, Canada, Europe, and Asia-Pacific, and is publicly traded on Nasdaq under the ticker NEXN [5].

Core Viewpoint - OBOOK Holdings Inc. has entered the execution phase of a share repurchase program of up to $10 million, reflecting confidence in the company's fundamentals and long-term strategy [1][5]. Group 1: Share Repurchase Program - The company may repurchase shares of its Class A common stock based on market conditions and Board of Directors' authorization [2]. - The repurchase program is part of the company's capital allocation strategy announced on November 26, 2025, aimed at optimizing capital structure and enhancing long-term shareholder value [2]. - Repurchases will comply with securities laws and will be conducted under the safe harbor provisions of Rule 10b-18 [3]. Group 2: Trading Plan and Execution - The company plans to implement a Rule 10b5-1 trading plan to enhance the consistency and predictability of the repurchase process [4]. - The timing and details of the trading plan will be announced after completing relevant procedures [4]. Group 3: Management Statements - The CEO emphasized the company's strong fundamentals and commitment to balancing growth with capital efficiency [5]. - The CFO noted that the repurchase program demonstrates the company's ability to invest in future growth while optimizing capital structure [5]. Group 4: Company Overview - OBOOK Holdings Inc. operates as the OwlTing Group, focusing on blockchain technology with a diversified ecosystem across payments, hospitality, and e-commerce [6]. - The company is headquartered in Taiwan and has subsidiaries in multiple countries, ranking among the top 2 global players in the "Enterprise & B2B" category according to CB Insights [6].

Core Viewpoint - Kraft Heinz's high dividend yield of 6.6% may attract dividend investors, but the stock has faced significant pressure, with shares down over 20% year to date and over 30% in the last five years due to declining sales trends [1] Group 1: Financial Performance - Kraft Heinz's free cash flow for the year to date is $2.5 billion, representing a 23.3% increase year over year, which comfortably covers the $1.4 billion in total dividend payments [4][5] - Despite a 2.3% year-over-year decline in sales, the company's ability to generate substantial cash flow is noteworthy, indicating it remains a strong cash-generating entity [6] Group 2: Valuation - The stock is currently trading at a low valuation of eight times trailing-12-month free cash flow, suggesting that investors have minimal growth expectations for the company [7][8] Group 3: Shareholder Returns - In addition to dividends, Kraft Heinz is actively returning cash to shareholders through share repurchases, having repurchased $988 million in 2024 and an additional $435 million in the first nine months of 2025, with $1.5 billion remaining under its repurchase authorization [9]

Core Insights - The Middleby Corporation (MIDD) is positioned to benefit from the strength in the Food Processing Equipment Group segment and accretive acquisitions, with shares gaining 10.1% compared to the industry's 8.8% growth over the past year [1]. Business Strength - Middleby is experiencing solid momentum in the Food Processing Equipment Group, driven by increased demand for protein and bakery products, as well as a robust order rate and international market demand. Sales in this segment increased by 8.7% year over year in the first nine months of 2025, with expectations for continued strong performance in Q4 2025 [4]. Expansion Initiatives - The company has enhanced its product portfolio through strategic acquisitions, including Oka-Spezialmaschinenfabrik GmbH & Co. KG and Frigomeccanica S.p.A. in August 2025, which are expected to strengthen its position in the bakery and food processing markets. Additionally, the acquisition of Gorreri Food Processing Technology and JC Ford in November 2024 further bolstered its capabilities in advanced baked goods and snack food categories, contributing to a 3.3% year-over-year sales increase in Q3 2025 [5][6]. Product Innovation Efforts - Middleby is focused on product innovation, having introduced several new products over the past year, including MP Equipment and PIZZABOT. The company is gaining market share in new product categories, particularly in ventless cooking products and automation technologies, which are expected to drive future growth [7][8]. Rewards to Shareholders - The company is committed to returning value to shareholders through share repurchases, having repurchased $514.3 million worth of shares in the first nine months of 2025. The board has authorized multiple share buyback programs, with 8,304,022 shares remaining for repurchase as of September 27, 2025 [9].

Core Viewpoint - The Kroger Co. has approved an additional $2.0 billion share repurchase authorization, reflecting the Board's confidence in the company's growth outlook and financial health [1][2]. Share Repurchase Authorization - The new $2.0 billion authorization is in addition to the previously announced $7.5 billion, bringing the total available for share repurchases to approximately $2.9 billion as of December 23, 2025 [1]. - Kroger has repurchased about 35% of its outstanding shares since 2015, indicating a consistent strategy of returning capital to shareholders [2]. Capital Allocation Strategy - The company plans to fund share repurchases through cash generated from operations and existing liquidity while maintaining its investment-grade credit rating [2]. - Kroger aims to continue generating strong free cash flow and is committed to investing in business growth, with expectations of increasing quarterly dividends over time, subject to board approval [4]. Operational Flexibility - Under the share repurchase authorizations, Kroger may repurchase shares through various methods, including open market transactions and accelerated share repurchase transactions, with no expiration date on the authorizations [3]. - The timing of repurchases will depend on market and business conditions, and the company retains the option to suspend or discontinue repurchases at any time [3].

Core Insights - Whitestone REIT (WSR) has declared a quarterly cash dividend of 14.25 cents per share, reflecting a 5.6% increase from the previous payout of 13.50 cents per share [1][7] - The annualized dividend payout now totals 57 cents per share, resulting in an annualized yield of 4.19% based on the stock's closing price of $13.60 on December 19, 2025 [2][7] - The company has also authorized a share repurchase program of up to $50 million to enhance shareholder value [2][7] Dividend Growth and Strategy - The CEO of Whitestone, Dave Holeman, emphasized the company's focus on achieving a long-term Core FFO per share growth target of 5-7% while aligning dividend growth with this steady growth [3] - WSR has increased its dividend five times in the last five years, with a five-year annualized dividend growth rate of 5.28%, indicating strong cash flow generation capabilities [3] Market Performance - Over the past three months, WSR shares have gained 6.3%, contrasting with a 1.4% decline in the broader industry [4] - Comparatively, other REITs such as Welltower and Cousins Properties are currently rated higher, with Zacks Rank 2 (Buy) [5]

Core Insights - Altria Group, Inc. has authorized an expansion of its share repurchase program from $1 billion to $2 billion, extending the program's expiration to December 31, 2026, indicating a strong commitment to returning value to shareholders [2][9] Capital Allocation Strategy - The decision to increase the buyback program follows a period of active repurchases in 2025, where Altria repurchased 1.9 million shares at an average price of $60.13, spending $112 million in Q3 2025, and a total of 12.3 million shares for $712 million in the first nine months of 2025 [3][9] - The structure of the expanded buyback program suggests a steady approach, allowing Altria to maintain discretion over timing while reinforcing buybacks as a key component of its capital return strategy [4] Earnings and Valuation - The expanded buyback may help mitigate modest earnings per share pressure due to declining cigarette volumes, reflecting confidence in Altria's cash generation and disciplined capital allocation [5] - Altria's shares have gained 1.3% in the past month, compared to the industry's growth of 3.1%, and the company trades at a forward price-to-earnings ratio of 10.45X, lower than the industry average of 14.26X [8][11] Earnings Estimates - The Zacks Consensus Estimate for Altria's earnings implies year-over-year growth of 6.3% for 2025 and 2.3% for 2026, with current estimates for the current year at $5.44 and next year at $5.56 [12][13]