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Keurig Dr Pepper Inc. - KDP STOCK NEWS

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.

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Keurig Dr Pepper (NASDAQ: KDP) has appointed Justine Tan as a director on its board, effective December 9, 2020. Tan, who has over 20 years of experience in investing and banking, replaces Fabian Simon, who resigned to become CEO of JDE Peet's. Additionally, Anna-Lena Kamenetzky has stepped down from the board. KDP's Chairman and CEO, Bob Gamgort, expressed confidence in Tan's capabilities and thanked Kamenetzky for her service. KDP is a leading beverage company with over $11 billion in annual revenue and a diverse range of brands.

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Keurig Dr Pepper (NASDAQ: KDP) has declared a quarterly cash dividend of $0.15 per share. This dividend will be payable on January 22, 2021 to shareholders of record on January 8, 2021. With annual revenues exceeding $11 billion and a diverse portfolio of over 125 brands, KDP remains a leader in the North American beverage market. The company emphasizes responsible sourcing and sustainability through its corporate responsibility platform.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of Keurig Dr Pepper (KDP)?

The current stock price of Keurig Dr Pepper (KDP) is $32.37 as of December 20, 2024.

What is the market cap of Keurig Dr Pepper (KDP)?

The market cap of Keurig Dr Pepper (KDP) is approximately 43.4B.

What is Keurig Dr Pepper Inc. known for?

Keurig Dr Pepper Inc. is known for its leading positions in soft drinks, specialty coffee and tea, water, juice, and mixers, as well as for marketing the #1 single-serve coffee brewing system in the U.S. and Canada.

What are some of the key brands under Keurig Dr Pepper?

Some key brands include Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® Hydration, and The Original Donut Shop®.

How does Keurig Dr Pepper distribute its products?

Keurig Dr Pepper uses a robust sales and distribution network to deliver its portfolio of hot and cold beverages to nearly every consumer point of purchase.

What recent innovations has Keurig Dr Pepper introduced?

Recent innovations include the K-Brew + Chill brewing system and the K-Rounds™ plastic-free pods, which enhance the sustainability and quality of their product offerings.

What was a significant recent business move by Keurig Dr Pepper?

A significant recent move was the agreement to acquire Kalil Bottling Co., expanding KDP's direct-store-delivery operations and market reach in Arizona.

What is Keurig Dr Pepper's commitment to sustainability?

Keurig Dr Pepper's commitment to sustainability is encapsulated in its 'Drink Well. Do Good.' platform, focusing on circular packaging, natural resource efficiency, and positive community impact.

How did Keurig Dr Pepper come into existence?

Keurig Dr Pepper was formed in 2018 through the merger of Keurig Green Mountain Coffee and Dr Pepper Snapple.

What are KDP's financial highlights?

KDP reports annual revenues of more than $14 billion and employs approximately 28,000 people, reflecting its strong market position and scale.

What is the strategic importance of Keurig Dr Pepper's recent stock repurchase plan?

The stock repurchase plan aims to solidify KDP's shareholder structure and market presence, reflecting confidence in its long-term growth and financial stability.

Who are the main contacts for investors and media at Keurig Dr Pepper?

Investor contacts include Jane Gelfand and Chethan Mallela, while the media contact is Katie Gilroy.

Keurig Dr Pepper Inc.

Nasdaq:KDP

KDP Rankings

KDP Stock Data

43.37B
1.13B
16.83%
75.14%
1.21%
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