Keurig Dr Pepper Inc - KDP STOCK NEWS

Keurig Dr Pepper (NASDAQ: KDP) has announced the pricing of a secondary offering of 73 million shares by JAB Holding Company subsidiary at $32.80 per share. JAB has granted the underwriter a 30-day option to purchase up to an additional 10.95 million shares.

Following the completion of the offering, JAB's beneficial ownership in KDP will decrease to approximately 10.7% of outstanding common stock. The remaining shares owned by JAB will be subject to a 90-day lock-up agreement with the underwriter. J.P. Morgan is acting as the sole underwriter for this secondary offering.

KDP, a leading North American beverage company with annual revenue exceeding $15 billion, maintains a portfolio of over 125 owned, licensed, and partner brands, including notable names such as Dr Pepper, Canada Dry, Snapple, and Green Mountain Coffee Roasters.

Keurig Dr Pepper (NASDAQ: KDP) announced a significant secondary offering where JAB Holding Company will sell 73 million shares of KDP common stock, with an additional 30-day option for 10.95 million shares. Following the offering, JAB's ownership will decrease to approximately 10.7% of KDP's outstanding common stock, with remaining shares subject to a 90-day lock-up agreement.

As a result of JAB's reduced stake, three JAB-affiliated board members - Joachim Creus, Frank Engelen, and Olivier Goudet - will resign upon completion of the offering. This transaction marks KDP's evolution from a private company to a widely held public entity, now included in the S&P 500 and Nasdaq 100. J.P. Morgan is serving as the underwriter for this proposed secondary offering.

Keurig Dr Pepper (NASDAQ: KDP) reported its Q4 and full year 2024 results, with net sales increasing 3.6% to $15.4 billion, driven by U.S. Refreshment Beverages and International segments. Adjusted diluted EPS grew 7.8% to $1.92, while GAAP net income fell 33.9% to $1.4 billion. Operating cash flow surged 67% to $2.2 billion, and free cash flow rose 82% to $1.7 billion.

For Q4, net sales increased 5.2% to $4.1 billion, but GAAP net income decreased 120.8% to $(144) million. Adjusted diluted EPS for Q4 grew 5.5% to $0.58. U.S. Refreshment Beverages saw a 10.3% increase in net sales, while U.S. Coffee experienced a 2.4% decline. International net sales grew 0.8%.

For 2025, KDP targets mid-single-digit net sales growth and high-single-digit adjusted EPS growth in constant currency, factoring in the GHOST acquisition. CEO Tim Cofer highlighted strong financial performance and market share gains through innovation and strategic investments.

Keurig Dr Pepper (NASDAQ: KDP) has announced a regular quarterly cash dividend declaration of $0.23 per share. The dividend will be paid in U.S. dollars on April 11, 2025 to shareholders of record as of March 28, 2025. The announcement comes from the company's Board of Directors, maintaining their commitment to regular shareholder distributions.

Keurig Dr Pepper (KDP) has announced its 2025 flavor lineup for the U.S. market, building on its successful 2024 innovations. The company is launching several new products across its beverage portfolio, starting with Dr Pepper Blackberry in both regular and zero sugar varieties. The expansion follows the success of Dr Pepper Creamy Coconut, KDP's most successful -time CSD offering.

Other new releases include 7UP Tropical with mango and peach flavors, Snapple Peach Tea & Lemonade, two new Bai varieties featuring strawberry, and A&W Ice Cream Sundae in regular and zero sugar options. The company is also launching RC Cola Zero Sugar nationally, along with various retailer-exclusive and regional offerings throughout the year.

Keurig Dr Pepper (NASDAQ: KDP) has announced it will release its fourth quarter and full year 2024 financial results before market opening on Tuesday, February 25, 2025. The company will host a conference call at 8:00 AM (ET) on the same day, featuring CEO Tim Cofer and CFO & President, International Sudhanshu Priyadarshi.

Investors and analysts can join the call by dialing (833) 629-0615 within the United States or Canada and (412) 317-1824 internationally. A replay will be available from 11:00 AM (ET) until March 11, 2025. The live audio webcast and replay will also be accessible through the Investors section of KDP's website.

Keurig Dr Pepper (KDP) announced key leadership changes to support its growth strategy. The company appointed Eric Gorli as President of U.S. Refreshment Beverages, overseeing its $9 billion liquid refreshment business. Sean Cronican becomes Chief Customer Officer, leading U.S. customer-facing teams, while Drew Panayiotou expands his role as Chief Marketing Officer to include both U.S. Refreshment Beverages and Coffee marketing.

In a strategic move to capitalize on the energy drink sector, KDP created a new position of President, KDP Energy, appointing Justin Whitmore to oversee its energy brand portfolio, which generates over $1 billion in retail sales. The company's current President of U.S. Refreshment Beverages, Andrew Archambault, will depart on January 31, 2025.

Keurig Dr Pepper (NASDAQ: KDP) has announced a regular quarterly cash dividend declaration of $0.23 per share. The dividend will be paid on January 17, 2025 to shareholders of record as of January 3, 2025. The dividend will be paid in U.S. dollars on the company's common stock.

Dr Pepper announced the winners of its 16th annual Tuition Giveaway during the College Football Conference Championship games. Four students were awarded $100,000 each in tuition funds after competing in a football-throwing contest at various championship games. The competition, which has awarded over $19 million in educational support over 30 years, featured eight finalists competing at the ACC, Big 12, SEC, and Big Ten championships.

Winners included students from Baylor University, Lincoln Memorial University, California State Polytechnic University Pomona, and Salem State University. The contestants were selected based on their academic and professional goals submissions, with winners expressing aspirations ranging from veterinary medicine to making healthcare more accessible.