Welcome to our dedicated page for Keurig Dr Pepper news (Ticker: KDP), a resource for investors and traders seeking the latest updates and insights on Keurig Dr Pepper stock.
Keurig Dr Pepper Inc. (NASDAQ: KDP) is a prominent beverage company in North America, boasting annual revenues exceeding $14 billion and a workforce of approximately 28,000 employees. The company was established in 2018 through the merger of Keurig Green Mountain Coffee and Dr Pepper Snapple. KDP holds leading positions in various beverage categories, including soft drinks, specialty coffee and tea, water, juice, juice drinks, and mixers.
KDP markets the number one single-serve coffee brewing system in the U.S. and Canada, under the brands Keurig® and Green Mountain Coffee Roasters®. Its impressive portfolio comprises more than 125 owned, licensed, and partner brands designed to meet virtually any consumer need at any time. These brands include well-known names such as Dr Pepper®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® Hydration, and The Original Donut Shop®.
The company has built an extensive and powerful sales and distribution network that allows it to deliver both hot and cold beverages to nearly every point of purchase for consumers. This network supports both in-house manufacturing and distribution for its brands and third-party brands via licensing and partnership agreements.
KDP is committed to sustainability and corporate responsibility through its Drink Well. Do Good. platform, which includes initiatives for circular packaging, efficient natural resource use, and positive community impact.
Recent developments include a secondary offering by JAB Holding Company, which will sell 86,956,522 shares of KDP stock, with options for additional shares. KDP intends to repurchase 35 million shares as part of this offering, further solidifying its shareholder structure and market presence.
Moreover, the company continues to innovate with significant projects like the introduction of the K-Brew + Chill brewing system and the revolutionary K-Rounds™ plastic-free pods, enhancing its product portfolio with sustainable and consumer-friendly options. Strategic acquisitions, like the recent agreement to acquire Kalil Bottling Co., expand KDP's direct-store-delivery capabilities and market reach, particularly in fast-growing regions.
Keurig Dr Pepper continues to evolve with a strong focus on innovation, sustainability, and responsible corporate practices, ensuring it remains at the forefront of the beverage industry.
Casey’s has launched a new giving campaign to support local schools across 16 states through its Cash for Classrooms Grant Program. Customers are encouraged to round up their purchases to contribute to the initiative. In addition, Keurig Dr Pepper will donate $1 for every CORE Hydration water combo sold, up to $25,000, while Casey’s will donate $1 for every large pizza sold on August 30, up to $100,000. In 2021, the program awarded $1 million through 99 grants focusing on various educational needs.
Keurig Dr Pepper Inc. (NASDAQ: KDP) reported strong financial results for Q2 2021, with net sales increasing 9.6% to $3.14 billion. The company raised its 2021 sales growth guidance to 6-7% from 4-6%. Adjusted diluted EPS grew 15.2% to $0.38. Free cash flow reached $492 million, enabling a reduction of financial obligations by $431 million. Despite challenges like inflation and supply chain issues, KDP maintained robust performance across its segments, particularly in Beverage Concentrates and Latin America. The management leverage ratio declined to 3.4x, reflecting improved financial health.
Snapple has partnered with hip hop artist A$AP Ferg to celebrate its heritage and promote its new 100% recycled plastic bottle. The collaboration features a limited-time merchandise collection and a documentary titled 'A Snapple Corner Story,' which highlights the cultural significance of corner stores in NYC. All merchandise proceeds benefit The Bodega and Small Business Group, supporting small businesses affected by the pandemic. This initiative aligns with Snapple's commitment to enhancing brand relevance and sustainability, appealing to both younger consumers and long-standing fans.
Keurig Dr Pepper (NASDAQ: KDP) announced the launch of BrewID™, a cutting-edge technology platform aimed at enhancing coffee brewing experiences. The initial product, K-Supreme Plus® SMART brewer, customizes brew settings based on the K-Cup® pod used, offering over 900 flavor combinations. Features include a mobile app for scheduling brews and SMART Auto-Delivery for managing pod inventory. Priced at $199.99, it is available online now, with plans for expansion to major retailers in Fall 2021. This innovation highlights KDP's commitment to personalized coffee experiences.
Keurig Dr Pepper (NASDAQ: KDP) will disclose its second-quarter financial results for the period ending June 30, 2021, before markets open on July 29, 2021. A conference call to discuss these results will take place at 8:00 AM (ET) on the same day, accessible to investors via phone. The replay will be available shortly after the call until August 12, 2021. Interested parties can also access a live audio webcast through the company’s website.
Keurig Dr Pepper (NASDAQ: KDP) announced that Anthony Shoemaker, currently Senior VP & Assistant General Counsel, will become Chief Legal Officer & General Counsel effective at Jim Baldwin's retirement in September 2021. Shoemaker has been with KDP since 2020, leading legal efforts in finance and governance. Baldwin has been with KDP since 1997, contributing to key milestones including major acquisitions and mergers. KDP is a leading North American beverage company with over $11 billion in annual revenue and a diverse portfolio of over 125 brands.
Keurig Dr Pepper (KDP) has released its third annual Drink Well. Do Good. report, showcasing its achievements in corporate responsibility and new commitments. Key highlights include:
- 100% of K-Cup pods are now recyclable, aiming for 100% recyclable packaging by 2025.
- Core Hydration bottles are made from 100% recycled plastic, targeting 30% PCR content by 2025.
- 79% water replenished in high-risk areas, with a goal of 100% by 2025.
- 100% responsibly sourced coffee and over one million beneficiaries in the supply chain.
New goals include responsible sourcing of cocoa, corn, and inclusive growth initiatives.
Keurig Dr Pepper (KDP) announced the pricing of a secondary offering of 28 million shares of its common stock at $35.65 per share. This offering is on behalf of Mondelēz International, which has granted the underwriter a 30-day option to purchase an additional 4.2 million shares. The offering, representing approximately 2.0% of KDP's outstanding shares, is expected to close on June 10, 2021. Goldman Sachs is acting as the underwriter. The sale of shares will not impact KDP's financial position significantly as they are sold by Mondelēz.
Keurig Dr Pepper (NASDAQ: KDP) has announced a public secondary offering of 28 million shares of its common stock, on behalf of Mondelēz International Holdings LLC. Mondelēz has granted underwriters a 30-day option to purchase an additional 4.2 million shares. This offering represents approximately 2.0% of KDP's outstanding stock. KDP will not be selling any shares and will not receive proceeds. Following the sale, Mondelēz will hold about 6.4% of KDP's shares and retain one board seat.
Keurig Dr Pepper (NASDAQ: KDP) has declared a quarterly cash dividend of $0.1875 per share, marking a 25% increase from the previous dividend of $0.15. This dividend will be payable on July 15, 2021 to shareholders recorded by July 1, 2021. The company, with over $11 billion in annual revenue, leads in various beverage categories and is dedicated to responsible sourcing and sustainable practices.
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