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Image source: Getty Images. Keurig comes up short. Keurig Dr Pepper reported revenue in the quarter up 2.3% to $3.89 billion, which was short of estimates at $3.93 billion.
Legally, Dr Pepper Snapple Group was the surviving company; it remained publicly traded and changed its name to Keurig Dr Pepper. [80] This created the third largest beverage company in North America. [81] [82] On July 10, shares in Keurig Dr Pepper (KDP) began trading on the New York Stock Exchange. [83] Its stock switched to NASDAQ in 2020. [84]
Keurig Dr Pepper's (KDP) strong performance in third-quarter 2018 and a promising outlook, alongside its partnerships and acquisition strategy, position it for growth in the future.
The stock of Keurig Dr Pepper (NAS:KDP, 30-year Financials) gives every indication of being modestly overvalued, according to GuruFocus Value calculation.
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]
The combined company was renamed "Keurig Dr Pepper" and began trading publicly again on the New York Stock Exchange under the ticker "KDP". Shareholders of Dr Pepper Snapple Group own 13% of the combined company, with Keurig shareholder and Cadbury current owner Mondelez International owning 13% to 14% of that fraction.
This could be an opportunity for dividend investors.
Keurig (/ ˈ k j ʊər ɪ ɡ /) is a beverage brewing system for home and commercial use.The American company Keurig Dr Pepper manufactures the machines. The main Keurig products are K-Cup pods, which are single-serve coffee containers; other beverage pods; and the proprietary machines that use these pods to make beverages.