Keurig Dr Pepper Inc Stock Price, News & Analysis

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.

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.

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.

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.

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.

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.

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.

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.

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.