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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 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]
By 1998 Dr Pepper/Seven Up, a subsidiary of Cadbury Schweppes, was hindered by its bottling and distribution systems; owning no private bottling plants, it was dependent on independent bottlers or those controlled by Coca-Cola or Pepsi to bottle its beverages, and those two giant competitors also had better distribution systems and more influence with retail and fast-food chains.
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.
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.
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.
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 ...