STOCK TITAN

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.

Rhea-AI Summary

MidOcean Partners announces its successful exit from Nutrabolt, a leading global active health and wellness company known for brands like C4® Energy. This strategic move involves a partnership with Keurig Dr Pepper (KDP) for long-term sales and distribution and an equity investment. Since MidOcean's investment in July 2014, Nutrabolt's revenue has surged nearly 4x, supported by product expansion and a robust distribution network. The partnership aims to capitalize on Nutrabolt's competitive position in the health and wellness market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
none
-
Rhea-AI Summary

Keurig Dr Pepper (KDP) and Nutrabolt have formed a strategic partnership, featuring a long-term sales and distribution agreement and a significant equity investment. KDP will invest $863 million, netting approximately $740 million after tax benefits, securing a 30% ownership stake in Nutrabolt. This partnership allows KDP to distribute C4® Energy across its territories, enhancing the brand's market presence. The anticipated transition will occur in 2023, with expectations of financial accretion by 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
partnership
-
Rhea-AI Summary

Keurig Dr Pepper (KDP) announced a quarterly cash dividend of $0.20 per share, payable on January 20, 2023. Shareholders of record by January 6, 2023 will receive this payment. The company, with annual revenues nearing $13 billion and approximately 27,000 employees, maintains a strong portfolio of over 125 brands including Dr Pepper, Keurig, and Snapple. KDP focuses on responsible sourcing and sustainability through its corporate responsibility platform.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
Tags
dividends
Rhea-AI Summary

Keurig Dr Pepper Inc. (NASDAQ: KDP) has reaffirmed its 2022 guidance, projecting constant currency net sales growth in the low-double-digit range and Adjusted EPS growth in the mid-single-digit range. A virtual Fireside Chat with management will take place on December 15, 2022, at 2:30 PM ET, hosted by BofA Securities analyst Bryan Spillane. The company reported annual revenue nearing $13 billion and maintains leadership in several beverage sectors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
none
-
Rhea-AI Summary

Keurig Dr Pepper (NASDAQ: KDP) has appointed Dr. Karin Rotem-Wildeman as Chief Research & Development Officer, effective January 9, 2023. She succeeds David Thomas, who is retiring after 16 years. Dr. Rotem-Wildeman brings 25 years of R&D leadership experience from notable companies including LIVEKINDLY Collective and PepsiCo. Her expertise will drive product innovation at KDP. The company, with nearly $13 billion in annual revenue, aims to meet diverse beverage needs through its expansive brand portfolio.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.01%
Tags
none
-
Rhea-AI Summary

The Original Donut Shop® Coffee has partnered with Milk Bar® to launch a limited edition dessert called Cup o' Cookie, available from December 1 to December 19, 2022, at Milk Bar locations in New York and Los Angeles for $16. The dessert is inspired by The Original Donut Shop Coffee's Regular Medium Roast and features a unique blend of flavors. Additionally, they released three at-home recipes also inspired by their coffee flavors. Keurig Dr Pepper, the parent company of The Original Donut Shop, reported nearly $13 billion in annual revenue.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
Tags
none
Rhea-AI Summary

Keurig Dr Pepper (NASDAQ: KDP) announced the election of Oray Boston as a Director of its Board, effective November 14, 2022. Boston, who has over 30 years of experience at Johnson & Johnson, held numerous leadership roles that contributed to commercial growth and innovation. His extensive background includes serving as President of Global Biosurgery and Vice President of Sales & Marketing. KDP's Chairman and CEO, Bob Gamgort, stated that Boston's experience would enhance the Board's depth and perspective.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
Tags
management
-
Rhea-AI Summary

Keurig Dr Pepper Inc. (NASDAQ: KDP) announced the resignation of CEO Ozan Dokmecioglu due to Code of Conduct violations. Bob Gamgort, the Executive Chairman and former CEO, has been reappointed as CEO while continuing as Chairman. The Board expressed gratitude for Gamgort's leadership and vision that have driven KDP's success. KDP, a leading North American beverage company, generates nearly $13 billion in annual revenue and holds significant market positions in various beverage categories.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
management
-
Rhea-AI Summary

Keurig Dr Pepper (NASDAQ: KDP) announced a $50 million minority investment in Athletic Brewing Company, the leading non-alcoholic craft beer producer in the U.S. This investment aligns with KDP's strategy to enter emerging beverage categories. By acquiring this stake, KDP joins other prominent investors and gains a seat on Athletic Brewing's Board of Directors. Athletic Brewing has a significant market presence, holding a 55% share in the non-alcoholic craft beer segment, which has seen 20% growth in retail dollars over the past year.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
Tags
none
Rhea-AI Summary

Keurig Dr Pepper Inc. (KDP) reported a strong performance for Q3 2022, with net sales increasing 11.4% to $3.62 billion. All business segments posted growth, with notable contributions from Liquid Refreshment Beverages and Coffee Systems. Adjusted net income rose 4.3% to $656 million, while adjusted EPS increased to $0.46. However, GAAP net income dropped 66% to $180 million due to a non-cash impairment charge. KDP reaffirmed its full-year guidance for low-double-digit net sales growth and mid-single-digit EPS growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.68%
Tags
none

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%
Beverages - Non-Alcoholic
Beverages
Link
United States of America
BURLINGTON