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 (KDP) reported strong Q1 2021 results, with net sales rising 11.1% to $2.90 billion and GAAP diluted EPS more than doubling to $0.23. The company raised its 2021 net sales growth outlook to 4-6% and reaffirmed Adjusted diluted EPS guidance of 13-15%. The Coffee Systems segment led growth with a 17.4% increase in net sales. However, KDP faces rising inflationary pressures and operational challenges in the restaurant sector. The company ended the quarter with $335 million in unrestricted cash and a management leverage ratio of 3.5x.
Keurig Dr Pepper (NASDAQ: KDP) has appointed Lubomira Rochet as a new director, effective April 26, 2021. Rochet, previously the Chief Digital Officer at L'Oréal, will bring her expertise in digital marketing to the board. She has also held senior roles at Valtech and Microsoft. With over $11 billion in annual revenue, KDP is a major beverage company in North America, known for its diverse portfolio including brands like Dr Pepper and Keurig. The company emphasizes sustainability and efficient resource use as part of its corporate social responsibility efforts.
Keurig Dr Pepper (KDP) announced on April 22, 2021, a significant step in its sustainability efforts by eliminating over one million pounds of virgin plastic in its K-Mini coffee makers. The K-Mini brewer now uses 25% post-consumer recycled (PCR) plastic, while the K-Mini Plus incorporates 50% PCR plastic. This move aligns with KDP's 2025 commitment to make all packaging recyclable or compostable and to utilize 30% PCR across its portfolio. KDP is also investing in initiatives to enhance recycling efforts, including over $3 million in grants to improve polypropylene recycling.
Keurig Dr Pepper (KDP) will announce its financial results for Q1 2021 on April 29, 2021, before market opening. The company will hold a conference call at 8:00 AM (ET) on the same day to discuss these results with investors and analysts.
Participants can join the call by dialing (855) 706-1600 (US/Canada) or (615) 622-8563 (international), using conference ID: 8581137. A replay will be available from April 29, 2021, at 11:00 AM (ET) until May 13, 2021.
More details can be found on their website: www.keurigdrpepper.com.
Keurig Dr Pepper (NASDAQ: KDP) will participate in a fireside chat hosted by Goldman Sachs on March 26, 2021, at 9:30 AM ET. Led by Managing Director Bonnie Herzog, KDP management will discuss current business trends and the company’s outlook, which remains unchanged from its February 25 earnings report. Investors can access a live webcast on the company’s corporate website. KDP is a leading North American beverage company, generating over $11 billion in annual revenue with a portfolio that includes popular brands like Dr Pepper and Keurig.
Keurig Dr Pepper (NASDAQ: KDP) announced new water stewardship commitments on March 22, 2021, coinciding with World Water Day. The company joined the Texas Water Action Collaborative, targeting water quality improvements in the Trinity River. KDP set a goal to support regenerative agriculture on 250,000 acres by 2030, which will protect water resources and improve soil health. Existing water use efficiency goals aim to enhance operations by 20% by 2025 and replenish water used for beverages in high-risk communities. By 2019, KDP had replenished 73% of water used in such areas.
Keurig Dr Pepper (NASDAQ: KDP) announced the appointment of Debra Sandler as a new director on its Board, effective March 5, 2021. With nearly 35 years of experience in the consumer and healthcare sectors, Sandler previously held key positions at Mars, Inc. and Johnson & Johnson. As the founder and CEO of Mavis Foods, her expertise spans marketing and business development. KDP's CEO, Bob Gamgort, expressed enthusiasm for her addition, citing her valuable perspective. KDP operates with over $11 billion in annual revenue and more than 125 brands in its portfolio.
Keurig Dr Pepper (KDP) announced the pricing of its public offering of $2.15 billion in senior notes. The offering includes $1,150 million of 0.750% notes due 2024, $500 million of 2.250% notes due 2031, and $500 million of 3.350% notes due 2051, with expected closure on March 15, 2021. Net proceeds of $2,134 million will be used to redeem existing senior notes and repay a term loan due in February 2023, as well as cover offering expenses. The notes will be secured by KDP’s subsidiaries.
Keurig Dr Pepper (NASDAQ: KDP) announced a public offering of senior notes and plans to enter a new 364-day revolving credit facility. The proceeds will fund the redemption of certain unsecured notes and repay a term loan maturing in February 2023. CFO Ozan Dokmecioglu highlighted the company's strong cash flow since the merger, leading to an upgrade from Moody's Investor Services. This refinancing aims to enhance liquidity and support KDP's three-year merger targets established in 2018.
Keurig Dr Pepper (KDP) reported robust financial results for Q4 and FY 2020, highlighting net sales of $3.12 billion in Q4, a 6.4% increase year-over-year, and $11.62 billion for the full year, up 4.5%. Adjusted diluted EPS rose to $0.39 in Q4 and $1.40 for the year, marking increases of 11.4% and 14.8% respectively. The company announced a 25% dividend increase to $0.75 per share starting Q2 2021. Despite challenges from COVID-19, KDP gained market share across 90% of its cold beverage retail base, adding 3 million new households to its Keurig system.
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