Keurig Dr Pepper Inc Stock Price, News & Analysis

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.

Keurig Dr Pepper (NASDAQ: KDP) announced new water stewardship commitments on March 22, 2021, coinciding with World Water Day. The company joined the Texas Water Action Collaborative, targeting water quality improvements in the Trinity River. KDP set a goal to support regenerative agriculture on 250,000 acres by 2030, which will protect water resources and improve soil health. Existing water use efficiency goals aim to enhance operations by 20% by 2025 and replenish water used for beverages in high-risk communities. By 2019, KDP had replenished 73% of water used in such areas.

Keurig Dr Pepper (NASDAQ: KDP) announced the appointment of Debra Sandler as a new director on its Board, effective March 5, 2021. With nearly 35 years of experience in the consumer and healthcare sectors, Sandler previously held key positions at Mars, Inc. and Johnson & Johnson. As the founder and CEO of Mavis Foods, her expertise spans marketing and business development. KDP's CEO, Bob Gamgort, expressed enthusiasm for her addition, citing her valuable perspective. KDP operates with over $11 billion in annual revenue and more than 125 brands in its portfolio.

Keurig Dr Pepper (KDP) announced the pricing of its public offering of $2.15 billion in senior notes. The offering includes $1,150 million of 0.750% notes due 2024, $500 million of 2.250% notes due 2031, and $500 million of 3.350% notes due 2051, with expected closure on March 15, 2021. Net proceeds of $2,134 million will be used to redeem existing senior notes and repay a term loan due in February 2023, as well as cover offering expenses. The notes will be secured by KDP’s subsidiaries.

Keurig Dr Pepper (NASDAQ: KDP) announced a public offering of senior notes and plans to enter a new 364-day revolving credit facility. The proceeds will fund the redemption of certain unsecured notes and repay a term loan maturing in February 2023. CFO Ozan Dokmecioglu highlighted the company's strong cash flow since the merger, leading to an upgrade from Moody's Investor Services. This refinancing aims to enhance liquidity and support KDP's three-year merger targets established in 2018.

Keurig Dr Pepper (KDP) reported robust financial results for Q4 and FY 2020, highlighting net sales of $3.12 billion in Q4, a 6.4% increase year-over-year, and $11.62 billion for the full year, up 4.5%. Adjusted diluted EPS rose to $0.39 in Q4 and $1.40 for the year, marking increases of 11.4% and 14.8% respectively. The company announced a 25% dividend increase to $0.75 per share starting Q2 2021. Despite challenges from COVID-19, KDP gained market share across 90% of its cold beverage retail base, adding 3 million new households to its Keurig system.

Keurig Dr Pepper (KDP) announced a 25% increase in its annualized dividend rate from $0.60 to $0.75 per share, effective with its regular quarterly dividend in early Q2 2021. The company expects 12.5% and 11.1% growth in dividends for 2021 and 2022, respectively, while maintaining a payout ratio under 50% of free cash flow. A quarterly dividend of $0.15 per share will be paid on April 15, 2021 to shareholders of record on April 1, 2021. CEO Ozan Dokmecioglu highlighted the strong free cash flow supporting this decision.

Keurig Dr Pepper (NASDAQ: KDP) has appointed Justin Whitmore as the new Chief Strategy Officer, effective March 1. He will join the Executive Leadership Team and oversee strategy development, including mergers and acquisitions. Whitmore previously held roles at Tyson Foods and McKinsey & Company, focusing on global growth and sustainability. KDP generates over $11 billion in annual revenue and employs nearly 26,000 people, positioning itself as a leading beverage company in North America.