Keurig Dr Pepper Inc Stock Price, News & Analysis

Keurig Dr Pepper (KDP) has released its third annual Drink Well. Do Good. report, showcasing its achievements in corporate responsibility and new commitments. Key highlights include:

• 100% of K-Cup pods are now recyclable, aiming for 100% recyclable packaging by 2025.
• Core Hydration bottles are made from 100% recycled plastic, targeting 30% PCR content by 2025.
• 79% water replenished in high-risk areas, with a goal of 100% by 2025.
• 100% responsibly sourced coffee and over one million beneficiaries in the supply chain.

New goals include responsible sourcing of cocoa, corn, and inclusive growth initiatives.

Keurig Dr Pepper (KDP) announced the pricing of a secondary offering of 28 million shares of its common stock at $35.65 per share. This offering is on behalf of Mondelēz International, which has granted the underwriter a 30-day option to purchase an additional 4.2 million shares. The offering, representing approximately 2.0% of KDP's outstanding shares, is expected to close on June 10, 2021. Goldman Sachs is acting as the underwriter. The sale of shares will not impact KDP's financial position significantly as they are sold by Mondelēz.

Keurig Dr Pepper (NASDAQ: KDP) has announced a public secondary offering of 28 million shares of its common stock, on behalf of Mondelēz International Holdings LLC. Mondelēz has granted underwriters a 30-day option to purchase an additional 4.2 million shares. This offering represents approximately 2.0% of KDP's outstanding stock. KDP will not be selling any shares and will not receive proceeds. Following the sale, Mondelēz will hold about 6.4% of KDP's shares and retain one board seat.

Keurig Dr Pepper (NASDAQ: KDP) has declared a quarterly cash dividend of $0.1875 per share, marking a 25% increase from the previous dividend of $0.15. This dividend will be payable on July 15, 2021 to shareholders recorded by July 1, 2021. The company, with over $11 billion in annual revenue, leads in various beverage categories and is dedicated to responsible sourcing and sustainable practices.

Keurig Dr Pepper (KDP) reported strong Q1 2021 results, with net sales rising 11.1% to $2.90 billion and GAAP diluted EPS more than doubling to $0.23. The company raised its 2021 net sales growth outlook to 4-6% and reaffirmed Adjusted diluted EPS guidance of 13-15%. The Coffee Systems segment led growth with a 17.4% increase in net sales. However, KDP faces rising inflationary pressures and operational challenges in the restaurant sector. The company ended the quarter with $335 million in unrestricted cash and a management leverage ratio of 3.5x.

Keurig Dr Pepper (NASDAQ: KDP) has appointed Lubomira Rochet as a new director, effective April 26, 2021. Rochet, previously the Chief Digital Officer at L'Oréal, will bring her expertise in digital marketing to the board. She has also held senior roles at Valtech and Microsoft. With over $11 billion in annual revenue, KDP is a major beverage company in North America, known for its diverse portfolio including brands like Dr Pepper and Keurig. The company emphasizes sustainability and efficient resource use as part of its corporate social responsibility efforts.

Keurig Dr Pepper (KDP) announced on April 22, 2021, a significant step in its sustainability efforts by eliminating over one million pounds of virgin plastic in its K-Mini coffee makers. The K-Mini brewer now uses 25% post-consumer recycled (PCR) plastic, while the K-Mini Plus incorporates 50% PCR plastic. This move aligns with KDP's 2025 commitment to make all packaging recyclable or compostable and to utilize 30% PCR across its portfolio. KDP is also investing in initiatives to enhance recycling efforts, including over $3 million in grants to improve polypropylene recycling.

Keurig Dr Pepper (KDP) will announce its financial results for Q1 2021 on April 29, 2021, before market opening. The company will hold a conference call at 8:00 AM (ET) on the same day to discuss these results with investors and analysts.

Participants can join the call by dialing (855) 706-1600 (US/Canada) or (615) 622-8563 (international), using conference ID: 8581137. A replay will be available from April 29, 2021, at 11:00 AM (ET) until May 13, 2021.

More details can be found on their website: www.keurigdrpepper.com.

Keurig Dr Pepper (NASDAQ: KDP) will participate in a fireside chat hosted by Goldman Sachs on March 26, 2021, at 9:30 AM ET. Led by Managing Director Bonnie Herzog, KDP management will discuss current business trends and the company’s outlook, which remains unchanged from its February 25 earnings report. Investors can access a live webcast on the company’s corporate website. KDP is a leading North American beverage company, generating over $11 billion in annual revenue with a portfolio that includes popular brands like Dr Pepper and Keurig.