Keurig Dr Pepper Inc. to Join the NASDAQ-100 Index Beginning October 19, 2020

Rhea-AI Summary

NDAQ has announced that Keurig Dr Pepper Inc. will join the NASDAQ-100 Index and NASDAQ-100 Equal Weighted Index effective October 19, 2020. This addition replaces Western Digital Corporation, which will also exit the NASDAQ-100 Technology Sector Index. Furthermore, Keurig Dr Pepper will be assessed for inclusion in the NASDAQ-100 Ex-Technology Index during the next quarterly rebalancing.

Positive

• Keurig Dr Pepper's inclusion in the NASDAQ-100 Index could enhance its visibility and attract more investors.
• Replacement of Western Digital may indicate positive market perception of Keurig Dr Pepper's growth potential.

Negative

• None.

NEW YORK, Oct. 09, 2020 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that Keurig Dr Pepper Inc. (Nasdaq: KDP), will become a component of the NASDAQ-100 Index^® (Nasdaq: NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq: NDXE) prior to market open on Monday, October 19, 2020. Keurig Dr Pepper Inc. will replace Western Digital Corporation (Nasdaq: WDC) in the NASDAQ-100 Index^® and the NASDAQ-100 Equal Weighted Index. Western Digital Corporation will be also be removed from the NASDAQ-100 Technology Sector Index (Nasdaq: NDXT) prior to market open on Monday, October 19, 2020. Keurig Dr Pepper Inc. will be considered for addition to the NASDAQ-100 Ex-Technology Index (Nasdaq: NDXX) at the next quarterly rebalancing.

For more information about the company, go to https://www.keurigdrpepper.com/.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding Nasdaq’s proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

Media Contact:		Matthew Sheahan, Nasdaq
		matthew.sheahan@nasdaq.com
Issuer & Investor Contact:		Index Client Services, Nasdaq
		Indexservices@nasdaq.com

NDAQG

FAQ

When will Keurig Dr Pepper be added to the NASDAQ-100 Index?

Keurig Dr Pepper will be added to the NASDAQ-100 Index on October 19, 2020.

Which company is being replaced in the NASDAQ-100 Index by Keurig Dr Pepper?

Keurig Dr Pepper will replace Western Digital Corporation in the NASDAQ-100 Index.

What other indexes will Keurig Dr Pepper join?

Keurig Dr Pepper will also join the NASDAQ-100 Equal Weighted Index.

What will happen to Western Digital Corporation in the NASDAQ-100 Index?

Western Digital Corporation will be removed from the NASDAQ-100 Index prior to market open on October 19, 2020.

Is Keurig Dr Pepper being considered for any other indexes?

Yes, Keurig Dr Pepper will be considered for the NASDAQ-100 Ex-Technology Index at the next quarterly rebalancing.