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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]
The company also said it would acquire Ghost, a maker of energy drinks. As of 9:58 a.m. ET, the stock was down 4.3% on the news. ... Before you buy stock in Keurig Dr Pepper, consider this: ...
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.
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) shows every sign of being modestly overvalued, according to GuruFocus Value calculation.
That year Allen retired and sold the business to Nebraskan Gene Hurtz, who formed the A&W Root Beer Company. The first A&W Root Beer outlet in Canada opened in 1956. By 1960 the number of A&W restaurants swelled to more than 2,000. In 1963 the company was sold to the J. Hungerford Smith Company, which had produced Allen's concentrate since 1921.
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 ...