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.
Keurig Dr Pepper Inc. (KDP) has authorized a share repurchase program of up to $4 billion, effective from January 1, 2022, to December 31, 2025. This initiative allows KDP to opportunistically return value to its shareholders, representing approximately 8% of outstanding common stock as of September 29, 2021. Additionally, KDP reaffirmed its 2021 outlook for net sales growth of 6% to 7% and Adjusted diluted EPS growth of 13% to 15%.
Keurig Dr Pepper (KDP) has declared a quarterly cash dividend of $0.1875 per share, payable on October 15, 2021, to shareholders recorded by October 1, 2021. This dividend reflects the company's commitment to returning value to shareholders amidst its substantial presence in the beverage market, generating over $11 billion in annual revenue. KDP is a leading North American beverage company with a diverse portfolio of more than 125 brands including Keurig®, Dr Pepper®, and Snapple®.
Keurig Dr Pepper (KDP) announced that BDT Capital Partners will distribute approximately 46 million shares of KDP common stock, representing 3.2% of total outstanding shares, to select investors. Following this distribution, BDT will retain around 69 million shares, or 4.8% of KDP. BDT emphasized that this action reflects ongoing confidence in KDP's management and performance. KDP plans to register the remaining shares held by BDT with the SEC, signifying potential future transactions. This equity distribution is a natural evolution of BDT's long-term partnership with KDP.
Keurig Dr Pepper (NASDAQ: KDP) appointed Tony Milikin as Chief Supply Chain Officer, effective Sept. 7. Milikin, who has over 30 years of experience, previously held senior roles at Anheuser-Busch InBev and Mead Westvaco. He takes over from Fernando Cortes, who is leaving after 18 years. Milikin's responsibilities will include manufacturing, logistics, warehousing, and overall supply chain management. CEO Bob Gamgort expressed confidence in Milikin's leadership to drive growth at KDP.
Dr Pepper has launched season four of its popular episodic drama, Fansville, showcasing a vibrant return to college football with a star-studded cast including Brian Bosworth, Joe Theismann, and DJ Uiagalelei. The campaign aims to celebrate the revival of college football fandom after disruptions in the previous year. With Dr Pepper serving as the first sponsor of the College Football Playoff, the brand continues to deepen its connection with football culture. The promotional efforts align with new NIL regulations allowing college athletes to monetize their branding.
Dr Pepper has launched an exclusive limited-time product, FANtastic Chocolate, combining its classic flavor with chocolate. This offering is part of the new "Pepper Perks" rewards program, which allows consumers to redeem points from Dr Pepper purchases for this special treat. Additionally, fans can enter for a chance to win a trip to the College Football Playoff National Championship. The product is available while supplies last, emphasizing its exclusivity and appeal to Dr Pepper enthusiasts. For more details, visit www.drpepper.com.
Keurig Dr Pepper (KDP) will host a virtual Investor Day on October 1, 2021, at 8:30 AM ET. The event will feature discussions on the company's strategic outlook and growth expectations following the conclusion of a three-year post-merger period this December. Interested participants can register via the company's website. KDP is a major North American beverage company with over $11 billion in annual revenue and a diverse portfolio, including famed brands such as Keurig and Dr Pepper. A replay of the event will be available the following day.
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.
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