Keurig Dr Pepper(KDP)
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Keurig Dr Pepper (KDP) Upgraded to Buy: Here's What You Should Know
ZACKS· 2024-09-25 17:00
Keurig Dr Pepper, Inc (KDP) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of ...
Is Keurig Dr Pepper (KDP) Stock Outpacing Its Consumer Staples Peers This Year?
ZACKS· 2024-09-25 14:46
Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Is Keurig Dr Pepper, Inc (KDP) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question. Keurig Dr Pepper, Inc is one of 184 companies in the Consumer Staples group. The Consumer Staples group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank cons ...
Are You Missing Out on These 2 Dividend Raises From Top Companies?
The Motley Fool· 2024-09-21 11:30
It's not too late for investors to take advantage of either enhanced payout. We've exited the penultimate earnings season of this year, which means the usual seasonal flow of dividend declarations has also ended. Most publicly traded companies, after all, tend to announce their latest shareholder payouts either along with the publication of quarterly results, or a short time before. This is when we get the bulk of dividend raise pronouncements. There are always outliers, though, and in mid-September two hig ...
Monster Beverage Stock Vs. Keurig Dr Pepper
Forbes· 2024-09-17 12:00
Core Viewpoint - Monster Beverage is positioned as a superior investment compared to Keurig Dr Pepper, supported by its higher revenue growth, profitability, and financial stability [1] Group 1: Stock Performance - Keurig Dr Pepper stock has increased by 35% from $30 in January 2021 to around $40, while Monster Beverage stock has only risen by about 10% from $45 to $50 during the same period [2] - KDP stock returns were inconsistent, with 17% in 2021, -1% in 2022, and -4% in 2023, while MNST stock returns were 4%, 6%, and 13% respectively [2] Group 2: Revenue Growth - Keurig Dr Pepper's sales grew at an average annual rate of 8.5%, from $11.6 billion in 2020 to $14.8 billion in 2023, while Monster Beverage's sales grew at an average rate of 15.8%, from $4.6 billion to $7.1 billion [4] - Monster Beverage's revenue growth is attributed to strong demand for energy drinks, new product launches, and international market expansion [6] Group 3: Profitability - Keurig Dr Pepper's operating margin was 21.6% in 2023, slightly down from 21.9% in 2020, while Monster Beverage's operating margin decreased from 35.5% to 27.4% during the same period [7] - In the last twelve months, Monster Beverage's operating margin of 27.3% is better than Keurig Dr Pepper's 23% [7] Group 4: Financial Risk - Monster Beverage has a debt-to-equity ratio of 1%, significantly lower than Keurig Dr Pepper's 32% [8] - Monster Beverage also has 19% cash as a percentage of assets, compared to only 1% for Keurig Dr Pepper, indicating a stronger financial position [8] Group 5: Valuation and Future Prospects - Monster Beverage trades at 7x revenues, while Keurig Dr Pepper trades at 3.3x trailing revenues, reflecting a higher valuation multiple for Monster Beverage [9] - The demand for energy drinks is expected to continue growing, supported by Monster Beverage's recent pricing actions and cost-cutting focus [9]
Keurig Dr Pepper Hikes Dividend by 7%: What's Ahead for Investors?
ZACKS· 2024-09-13 20:11
Keurig Dr Pepper Inc. (KDP) announced a raise in its quarterly dividend to 92 cents per share from the previous payout of 86 cents per share. Scheduled to be paid on Oct 11, 2024, to shareholders of record as of Sept. 27, 2024, this 7% hike underscores KDP's commitment to boost the value of its shareholders via regular dividend payments and share repurchases. The new payout makes Keurig Dr Pepper's annualized dividend rate $3.68 per share, translating to an attractive yield of about 10% based on the stock p ...
Keurig Dr Pepper Increases its Dividend by 7.0% and Declares Quarterly Dividend for Q3 2024
Prnewswire· 2024-09-12 20:15
BURLINGTON, Mass. and FRISCO, Texas, Sept. 12, 2024 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) announced today that its Board of Directors has approved a 7.0% increase in its annualized dividend rate to $0.92 per share, from the current annualized rate of $0.86 per share, effective with the regular quarterly cash dividend also announced today. The increased regular quarterly cash dividend of $0.23 per share is payable in U.S. dollars on the Company's common stock on October 11, 2024 to shareholders of r ...
Keurig Fined $1.5 Million Over K-Cup Recycling Claims
CNET· 2024-09-11 17:14
Core Viewpoint - Keurig Dr Pepper has settled an SEC complaint regarding misleading statements about the recyclability of K-Cup pods, agreeing to pay $1.5 million and commit to accurate reporting in future statements [1]. Company Overview - Keurig Dr Pepper is a leading player in the single-serve coffee market, with approximately 40 million American households owning a Keurig brewer and billions of K-Cups consumed annually [4]. SEC Settlement Details - The SEC's complaint highlighted that Keurig's 1999 and 2000 annual reports overstated the recyclability of K-Cup pods, failing to disclose concerns from major recycling companies about the feasibility of curbside recycling [1]. - The company has agreed to adhere to accurate reporting rules in its future annual reports [1]. Recycling Claims and Changes - Keurig claims that its K-Cup pods are made from recyclable polypropylene plastic (5 plastic), which is accepted in many curbside recycling systems across North America [2]. - Since late 2020, Keurig has stated that K-Cups are "100% recyclable," but they are still not accepted by some curbside recycling programs due to their small size [3]. Future Initiatives - The company plans to introduce new plant-based K-Rounds in 2025, which will address the plastic recycling issue but will require consumers to purchase new coffee makers as they will not be compatible with existing brewers [4].
Keurig Made Inaccurate Statements About K-Cup Pods' Recyclability, SEC Says
Investopedia· 2024-09-10 17:16
The Securities and Exchange Commission on Tuesday charged Keurig Dr Pepper (KDP) with making inaccurate statements about the recyclability of its single-use K-Cup pods. Keurig agreed to pay $1.5 million to settle the case, the regulator said. According to the SEC, Keurig said in its fiscal 2019 and 2020 annual reports that its testing had found the KCup pods could be "effectively recycled." Keurig Failed To Mention Concerns of Two Large Recycling Firms But the coffee maker and beverage firm failed to mentio ...
SEC charges Keurig Dr Pepper for making inaccurate claims about K-Cups' recyclability
CNBC· 2024-09-10 14:34
Core Viewpoint - The Securities and Exchange Commission (SEC) has charged Keurig Dr Pepper for making misleading claims regarding the recyclability of its K-Cup pods, resulting in a $1.5 million civil penalty without admission of wrongdoing [1]. Group 1: Environmental Impact and Consumer Perception - Consumer awareness of carbon footprints has raised concerns about the environmental impact of K-Cups, with the pods' inventor expressing regret over the waste generated [2]. - A previous lawsuit regarding recycling claims led to a $10 million class-action settlement, highlighting ongoing scrutiny of the company's practices [2]. - By the end of 2020, K-Cups were declared fully recyclable by the company, although misleading claims were made prior to this achievement [2][3]. Group 2: Misleading Claims and Regulatory Findings - In annual reports for fiscal years 2019 and 2020, the company claimed that K-Cups could be effectively recycled based on testing with recycling facilities [4]. - The SEC revealed that two major U.S. recyclers had informed Keurig that they would not accept K-Cups for recycling and had significant concerns about the financial viability of curbside recycling for these pods [4]. Group 3: Financial Implications - The misleading claims regarding recyclability may have influenced consumer purchasing decisions, contributing to sales growth for both K-Cups and brewing systems [5]. - In the fiscal second quarter, sales of K-Cup pods and brewing systems represented nearly 25% of the company's total revenue [5]. Group 4: Company Response and Future Commitment - A company spokesperson expressed satisfaction with the resolution of the matter and reiterated that K-Cup pods are made from recyclable polypropylene plastic, which is accepted in many North American curbside recycling systems [6]. - The company continues to encourage consumers to verify local recycling program acceptance and remains committed to improving recycling systems for all packaging materials [6].
Keurig Dr Pepper Announces Multi-Year Sponsorship of the Men's and Women's Mexican National Teams in the U.S.
Prnewswire· 2024-08-29 13:00
Core Insights - Keurig Dr Pepper has entered a multi-year partnership with Soccer United Marketing and the Federación Mexicana de Futbol, becoming an official partner for the U.S. tours of the Mexican Men's and Women's National Teams [1][2][5] Company Overview - Keurig Dr Pepper is a leading beverage company in North America with a portfolio of over 125 brands and annual revenue of approximately $15 billion [6] - The company holds leadership positions in various beverage categories, including soft drinks, coffee, tea, water, juice, and mixers [6] Partnership Details - The partnership will feature five brands popular among Hispanic consumers: Peñafiel®, Clamato®, Squirt®, 7UP®, and McCafé at Home, as U.S. beverage category sponsors for the Mexican National Teams [2][4] - The brands will be involved in consumer engagement experiences, including sampling opportunities and local retail market activations [3][4] Market Engagement - MexTour has an average attendance of nearly 60,000 per match over the last decade, with an estimated fan base of 60 million, making it one of the most successful sports properties in North America [4] - MexTour W is entering its third year in 2025 with an estimated fan base of 49 million, indicating strong interest and engagement [4] Strategic Importance - The partnership is seen as a compelling opportunity for both Keurig Dr Pepper and Soccer United Marketing to connect with the passionate Mexican soccer fanbase in the U.S. [5]