Keurig Dr Pepper Inc Stock Price, News & Analysis

Keurig Dr Pepper (NASDAQ: KDP) appointed Juliette Hickman as a director of its board effective January 18, 2021. Hickman brings over 20 years of investment experience, notably in the global beverage industry, having worked previously as an investment analyst at the Capital Group Companies. KDP's Chairman and CEO Bob Gamgort expressed confidence in Hickman's expertise in corporate strategy, financial analysis, and risk assessment, anticipating her contributions will enhance value creation at KDP.

Keurig Dr Pepper (NASDAQ: KDP) has appointed Justine Tan as a director on its board, effective December 9, 2020. Tan, who has over 20 years of experience in investing and banking, replaces Fabian Simon, who resigned to become CEO of JDE Peet's. Additionally, Anna-Lena Kamenetzky has stepped down from the board. KDP's Chairman and CEO, Bob Gamgort, expressed confidence in Tan's capabilities and thanked Kamenetzky for her service. KDP is a leading beverage company with over $11 billion in annual revenue and a diverse range of brands.

Keurig Dr Pepper (NASDAQ: KDP) has declared a quarterly cash dividend of $0.15 per share. This dividend will be payable on January 22, 2021 to shareholders of record on January 8, 2021. With annual revenues exceeding $11 billion and a diverse portfolio of over 125 brands, KDP remains a leader in the North American beverage market. The company emphasizes responsible sourcing and sustainability through its corporate responsibility platform.

Keurig Dr Pepper (NASDAQ: KDP) has announced agreements to acquire manufacturing, sales, and distribution rights for key brands, including Canada Dry and A&W, in 37 counties across east Texas and northern Louisiana, effective February 2021. This move integrates these brands into KDP's direct-store-delivery (DSD) network, allowing access to 1.5 million consumers. KDP aims to ensure competitive route-to-market and excellent service for its retail customers. The company generated over $11 billion in annual revenue through a diverse portfolio of more than 125 brands.

Keurig Dr Pepper (KDP) announced the successful completion of a registered public secondary offering, selling 60 million shares for approximately $1.7 billion. The stockholder's offering was underwritten by Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC. Investors are advised to review the effective registration statement for comprehensive details. KDP is a prominent beverage company in North America, generating over $11 billion in annual revenue. The company operates with a vast portfolio of brands, focusing on responsible sourcing and sustainability.

Keurig Dr Pepper (NASDAQ: KDP) has announced the pricing of its secondary offering of 60 million shares, approximately 4.3% of its outstanding common stock, at $28.45 per share. The shares are being offered by Maple Holdings B.V. and Mondelēz International, with Goldman Sachs and Morgan Stanley acting as underwriters. The offering is made through an effective registration statement and a prospectus. KDP reported annual revenues exceeding $11 billion and is a leading beverage company in North America.

Keurig Dr Pepper Inc. (NASDAQ: KDP) announced the sale of 60 million shares through a secondary offering, splitting the sale between JAB majority-owned Maple Holdings B.V. and Mondelēz International (MDLZ), reducing MDLZ’s stake to 8.4%. The transaction includes a distribution of 119 million shares to minority partners, raising KDP's public float to 58%. JAB and affiliates will retain approximately 34% of KDP's shares, indicating continued strong investment support. MDLZ retains two board seats, maintaining strategic influence in KDP.

Keurig Dr Pepper (NASDAQ: KDP) reported a strong Q3 2020, with net sales rising 5.2% to $3.02 billion and diluted EPS increasing to $0.31 from $0.21 year-over-year. Adjusted diluted EPS grew 22% to $0.39. Key growth drivers included a 6.6% volume/mix increase and continued market share expansion across beverages. Operating income surged 29.8% to $753 million. The company anticipates finishing 2020 at the high end of its guidance, projecting net sales growth of 3-4% and adjusted EPS growth of 13-15% while reducing its leverage ratio. COVID-19 impact included $49 million in related costs.