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 (NASDAQ: KDP) has announced agreements to acquire manufacturing, sales, and distribution rights for key brands, including Canada Dry and A&W, in 37 counties across east Texas and northern Louisiana, effective February 2021. This move integrates these brands into KDP's direct-store-delivery (DSD) network, allowing access to 1.5 million consumers. KDP aims to ensure competitive route-to-market and excellent service for its retail customers. The company generated over $11 billion in annual revenue through a diverse portfolio of more than 125 brands.
Keurig Dr Pepper (KDP) announced the successful completion of a registered public secondary offering, selling 60 million shares for approximately $1.7 billion. The stockholder's offering was underwritten by Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC. Investors are advised to review the effective registration statement for comprehensive details. KDP is a prominent beverage company in North America, generating over $11 billion in annual revenue. The company operates with a vast portfolio of brands, focusing on responsible sourcing and sustainability.
Keurig Dr Pepper (NASDAQ: KDP) has announced the pricing of its secondary offering of 60 million shares, approximately 4.3% of its outstanding common stock, at $28.45 per share. The shares are being offered by Maple Holdings B.V. and Mondelēz International, with Goldman Sachs and Morgan Stanley acting as underwriters. The offering is made through an effective registration statement and a prospectus. KDP reported annual revenues exceeding $11 billion and is a leading beverage company in North America.
Keurig Dr Pepper Inc. (NASDAQ: KDP) announced the sale of 60 million shares through a secondary offering, splitting the sale between JAB majority-owned Maple Holdings B.V. and Mondelēz International (MDLZ), reducing MDLZ’s stake to 8.4%. The transaction includes a distribution of 119 million shares to minority partners, raising KDP's public float to 58%. JAB and affiliates will retain approximately 34% of KDP's shares, indicating continued strong investment support. MDLZ retains two board seats, maintaining strategic influence in KDP.
Keurig Dr Pepper (NASDAQ: KDP) reported a strong Q3 2020, with net sales rising 5.2% to $3.02 billion and diluted EPS increasing to $0.31 from $0.21 year-over-year. Adjusted diluted EPS grew 22% to $0.39. Key growth drivers included a 6.6% volume/mix increase and continued market share expansion across beverages. Operating income surged 29.8% to $753 million. The company anticipates finishing 2020 at the high end of its guidance, projecting net sales growth of 3-4% and adjusted EPS growth of 13-15% while reducing its leverage ratio. COVID-19 impact included $49 million in related costs.
Keurig Dr Pepper (NASDAQ: KDP) has entered into a partnership with The Honickman Companies to sell and distribute popular brands like Canada Dry and Sunkist across 18 counties in New York and New Jersey, serving approximately 17 million residents. This agreement is set to double KDP's volume in the region, enhancing its direct-store-delivery operations. KDP President, Derek Hopkins, expressed enthusiasm for the expansion, emphasizing its potential to strengthen retail partnerships. The specifics of the agreement's financial terms remain undisclosed.
Keurig Dr Pepper Inc. (NASDAQ: KDP) has announced significant changes to its Executive Leadership Team, effective November 1, 2020. These changes aim to enhance operational efficiency and better position the company for future growth, following successful merger metrics. Key appointments include Fernando Cortes overseeing beverage concentrate manufacturing in Ireland, Ozan Dokmecioglu managing Canadian and Mexican markets, and Derek Hopkins expanding his role in cold beverage portfolio management. Jim Trebilcock and Andrew Loucks will retire at year's end, marking the end of significant tenures.
Keurig Dr Pepper (KDP) announced its transition to 100% recycled plastic bottles for its Snapple® and CORE® brands, projected to eliminate approximately 46.3 million pounds of virgin plastic annually. This initiative, starting with Snapple in West Coast markets and CORE in early 2021, aligns with KDP's commitment to a circular economy and aims to increase the use of post-consumer recycled materials in company packaging to 30% by 2025. The switch is expected to reduce greenhouse gas emissions by about 30%, equivalent to removing 7,500 cars from the road for a year.
Keurig Dr Pepper (NASDAQ: KDP) will announce its Q3 2020 financial results before market opening on October 29, 2020. A conference call will follow at 8:00 AM ET that day for discussions with investors and analysts. Call access is available at (855) 706-1600 in the U.S. and Canada, and (615) 622-8563 internationally, using conference ID: 1788948. A replay will be available until November 12, 2020. Investors can also access a live audio webcast on the company’s corporate website.
Keurig Dr Pepper (NASDAQ: KDP) announced participation in an investor call on September 29, 2020, at 10:00 AM ET, hosted by BofA Securities and Morgan Stanley. The call will feature management discussing current business trends and the outlook for the remainder of the year, unchanged since the July 30, 2020 quarterly earnings report. A live webcast will be accessible via the company's website. KDP generates over $11 billion in annual revenue and holds leadership in beverage categories across North America.
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