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Keurig Dr Pepper Inc. (/ ˈ k j ʊər ɪ ɡ /), formerly Green Mountain Coffee Roasters (1981–2014) and Keurig Green Mountain (2014–2018), is a publicly traded American beverage and coffeemaker conglomerate with headquarters in Burlington, Massachusetts, and Frisco, Texas. [6]
The American Bottling Company, formerly Dr Pepper/Seven Up Bottling Group (1999–2006), Cadbury Schweppes Bottling Group (2006–2008), and Dr Pepper Snapple Bottling Group (2008), is the bottling company of Dr Pepper Snapple Group, and is a wholly owned subsidiary of that company. [1]
The combined company would be named Keurig Dr Pepper and would trade publicly on the New York Stock Exchange. Shareholders of Dr Pepper Snapple Group would own 13% of the combined company, while Keurig shareholder and Cadbury current owner Mondelez International owning 13–14%, and JAB Holdings owning the remaining majority stake. [ 5 ]
Piper Sandler analyst Michael Lavery initiated coverage on Keurig Dr Pepper Inc (NASDAQ:KDP) with a Neutral rating and a $35.00 target price. The analyst voiced caution regarding ongoing coffee ...
The beverage giant came up short on the top line and surprised investors with an acquisition.
Keurig Dr Pepper has also largely withstood a trade-down to private label and has not witnessed a decline in demand from the price hikes. Net sales for the third quarter increased 5.1% to $3.81 ...