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 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.
Keurig Dr Pepper (KDP) has declared a quarterly cash dividend of $0.15 per share, set to be paid on October 16, 2020. Shareholders of record as of October 2, 2020 will receive this dividend. KDP is a leading beverage company in North America, generating over $11 billion in annual revenue and employing nearly 26,000 individuals. The company offers a diverse portfolio including popular brands like Dr Pepper and Keurig. Their commitment to sustainability is evident through initiatives aimed at responsible sourcing and efficient resource use.
Keurig Dr Pepper (KDP) has announced that JAB Holdings will convert a portion of its minority partners' interests into directly held shares of KDP. This involves distributing approximately 76 million shares, accounting for about 5.4% of KDP's outstanding stock. Key minority investors, including BDT and Quadrant, intend to remain long-term shareholders, maintaining confidence in KDP's direction and management. Post-distribution, JAB and Maple will hold 44% of KDP, while the public float will increase to 44%. The company continues to generate over $11 billion in annual revenue.
Keurig Dr Pepper (KDP) is set to transfer its stock listing from the New York Stock Exchange to the Nasdaq on September 21, 2020. This significant move positions KDP among the largest companies on Nasdaq, likely ranking within the top 50 of the Nasdaq-100 index. Chairman and CEO Bob Gamgort emphasized this transition as a key milestone for the company's growth and innovation, aligning with the diverse interests of its shareholders. KDP will retain its 'KDP' ticker during this transition.
Keurig Dr Pepper (NYSE: KDP) plans to participate in an investor call at the Barclays Global Consumer Staples Conference on September 8, 2020, at 2:40 PM ET. Led by Equity Analyst Lauren Lieberman, the call will address current business trends and the company’s outlook for the year, which remains unchanged since its quarterly earnings report on July 30, 2020. A live webcast will be available on the company's website.
Keurig Dr Pepper (NYSE: KDP) released its 2019 Corporate Responsibility Report, showcasing significant strides in packaging waste reduction, energy efficiency, and sustainable sourcing. The report highlights 87% of packaging as recyclable, with a goal of 100% by 2025. The company launched a $100 million initiative to improve recycling infrastructure. KDP has set new climate targets aligned with the Paris Agreement and has engaged 783,000 individuals in its supply chain to enhance sustainable practices.
Keurig Dr Pepper (KDP) has completed a registered public secondary offering of 45 million shares, generating gross proceeds of approximately $1.31 billion. The shares were sold by Maple Holdings B.V., a majority-owned subsidiary of JAB Holdings B.V. Goldman Sachs acted as the underwriter for this offering. The registration statement and prospectus for this offering are accessible via the SEC's website. KDP, with over $11 billion in annual revenue, remains a leading beverage company in North America.
Keurig Dr Pepper (NYSE: KDP) has priced a secondary offering of 45 million shares, representing 3.2% of its common stock, at $29.15 per share. The offering is made by Maple Holdings B.V., majority-owned by JAB Holdings B.V., which will retain approximately 49.5% of KDP post-offering. Goldman Sachs is the underwriter for this public offering. Proceeds may be distributed to Maple's members, including JAB. KDP, with over $11 billion in annual revenue, remains a leader in the North American beverage market, featuring a diverse portfolio of brands.
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