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) 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.
Keurig Dr Pepper (KDP) announced a 25% increase in its annualized dividend rate from $0.60 to $0.75 per share, effective with its regular quarterly dividend in early Q2 2021. The company expects 12.5% and 11.1% growth in dividends for 2021 and 2022, respectively, while maintaining a payout ratio under 50% of free cash flow. A quarterly dividend of $0.15 per share will be paid on April 15, 2021 to shareholders of record on April 1, 2021. CEO Ozan Dokmecioglu highlighted the strong free cash flow supporting this decision.
Keurig Dr Pepper (NASDAQ: KDP) has appointed Justin Whitmore as the new Chief Strategy Officer, effective March 1. He will join the Executive Leadership Team and oversee strategy development, including mergers and acquisitions. Whitmore previously held roles at Tyson Foods and McKinsey & Company, focusing on global growth and sustainability. KDP generates over $11 billion in annual revenue and employs nearly 26,000 people, positioning itself as a leading beverage company in North America.
Keurig Dr Pepper will announce its financial results for Q4 2020 on February 25, 2021, before market opens. A conference call is scheduled for the same day at 8:00 AM ET, allowing investors to discuss results. Participants can join via U.S. toll-free number (855) 706-1600 or international number (615) 622-8563 with conference ID 3098537. A replay will be available until March 11, 2021. The event will also be accessible through a live audio webcast on the company's website.
Keurig Dr Pepper (KDP) has become a signatory of the Ellen MacArthur Foundation's U.S. and Canada Plastics Pacts, aimed at creating a circular economy for plastics. The company has set four goals to achieve by 2025, including making all plastic packaging reusable, recyclable, or compostable, and ensuring 30% recycled content in packaging. Additionally, KDP has joined the Trash Free Seas Alliance to combat ocean plastic pollution. The company's commitment to sustainability aligns with its corporate responsibility program and its goal to convert all packaging to recyclable or compostable by 2025.
Keurig Dr Pepper (NASDAQ: KDP) appointed Juliette Hickman as a director of its board effective January 18, 2021. Hickman brings over 20 years of investment experience, notably in the global beverage industry, having worked previously as an investment analyst at the Capital Group Companies. KDP's Chairman and CEO Bob Gamgort expressed confidence in Hickman's expertise in corporate strategy, financial analysis, and risk assessment, anticipating her contributions will enhance value creation at KDP.
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