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 ...

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 ...

NoDerog Summary I am positive about Keurig Dr Pepper (NASDAQ:KDP). My summarized thesis is that I believe growth will improve from here as there are multiple growth drivers in place. In particular, the ramp up of partnership benefits and product innovation in the US beverage segment, and the value strategy in the coffee segment. Company Overview KDP manufactures non-alcoholic beverages [NAB] for the global market, with 88% of revenue coming from the US and the remaining from international markets. KDP has a ...

The maker of single-serve K-Cup coffee pods and the coffeemakers to use them, Keurig Dr Pepper, has settled an SEC complaint over the company's statements about recycling. Keurig settled the charges by agreeing to pay $1.5 million after the SEC said that claims in its 1999 and 2000 annual reports overstated the ease with which the plastic pods can be recycled. Keurig said in its reports that K-Cups, which first launched in 1992, could be "effectively recycled." The SEC said in a release, "Keurig did not dis ...

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 ...

The Securities and Exchange Commission has charged Keurig Dr Pepper for making inaccurate claims about the recyclability of its disposable K-Cup pods, the agency said Tuesday. Keurig has agreed to pay a $1.5 million civil penalty without admitting or denying the agency's findings. As consumers have become more conscious of their carbon footprints, questions about K-Cups' environmental impact have dogged Keurig for more than a decade. The pods' inventor told the Atlantic that he feels bad "sometimes" about c ...

Beverage category partners include Peñafiel®, Clamato®, Squirt®, 7UP® and McCafé at Home BURLINGTON, Mass. and FRISCO, Texas, Aug. 29, 2024 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) and Soccer United Marketing (SUM) today announced a new multi-year partnership with the Federación Mexicana de Futbol (FMF), making Keurig Dr Pepper an official partner of the U.S. tours for the Mexican Men's and Women's National Teams. Five brands from Keurig Dr Pepper's owned and partner brand portfolio that are popular a ...

Let's break down some blue- chip stocks for stability when times get tough. This topic feels especially important now, with fears of recession rising. We can see this through the recent spikes in the CBOE Volatility Index. Also known as the "fear index," it is up nearly 130% since July 29. Over the same period, the S&P 500 is down 5%. These changes can cause investors to worry, but that doesn't mean there aren't places to hide in the stock market when things get dicey. Some important metrics I'll highlight ...

Financial Data and Key Metrics - Constant currency net revenue grew 3.4% in Q2, led by strong double-digit growth in the International segment and healthy trends in US refreshment beverages [24] - Operating income grew 11% YoY, with EPS growth of 7% in Q2 [25] - Free cash flow conversion strengthened, with $543 million generated in Q2 [54] - Gross margin expanded by 130 basis points YoY, driven by productivity, pricing, and inflation management [48] Business Line Performance - US Refreshment Beverages: Revenue grew at a low-single-digit rate, led by CSDs, with Dr Pepper maintaining market share growth [39][40] - US Coffee: Net sales declined 2.1%, but pod shipments stabilized with 0.2% growth YoY [50][51] - International: Net sales grew 15.5% (14.7% constant currency), driven by strong volume mix growth of 10.4% and price increases of 4.3% [80][81] Market Performance - US: CSDs outperformed expectations, with Dr Pepper gaining market share due to innovations like Creamy Coconut LTO [40][89] - International: Mexico and Canada showed strong performance, with Peñafiel and Canada Dry driving growth [45][80] - Energy Category: C4 Energy grew 30% in retail sales, with significant growth potential despite recent moderation [106] Strategic Direction and Industry Competition - The company is focusing on partnerships (Electrolit, La Colombe) and innovation to drive growth, with new products like Canada Dry Fruit Splash and Bai WonderWater gaining traction [10][17] - A barbell strategy is being employed to cater to both value-seeking and premium consumers, with affordability initiatives in coffee and premiumization in CSDs [42][43] - The acquisition of Kalil Bottling Company aims to optimize distribution and leverage DSD assets [12][36] Management Commentary on Operating Environment and Outlook - The operating environment remains uneven, with higher-income consumers showing resilience while low and middle-income consumers seek value [6][88] - Management expects top-line acceleration in H2, driven by partnerships and innovation, with mid-single-digit net sales and high-single-digit EPS growth for 2024 [83][85] - Green coffee price inflation and currency volatility are being managed through productivity and cost discipline [13][97] Other Important Information - The company is committed to corporate responsibility, with progress highlighted in the 2023 corporate responsibility report [14][38] - Innovations like the K-Brew + Chill brewer and La Colombe Ready-To-Drink coffee are expected to drive growth in the cold coffee segment [44][132] Q&A Summary Question: Impact of inflation and consumer behavior on CSDs [60] - Response: CSDs remain resilient, offering value to consumers, with Dr Pepper gaining market share. The company is addressing affordability through smaller pack sizes and value messaging [63][89] Question: Back-half sales acceleration drivers [65] - Response: Acceleration is driven by partnerships (Electrolit, La Colombe) and innovation (Creamy Coconut, Bai WonderWater), with no need for significant macro changes [66][67] Question: Green coffee price impact on pricing strategy [116] - Response: Green coffee price increases are factored into guidance, with hedging in place. The company will manage price gaps responsibly while funding high-quality investments [97][143] Question: US Coffee stabilization and back-half outlook [129] - Response: K-Cup volume trends are improving, with four consecutive quarters of sequential growth. Cold coffee initiatives and the K-Brew + Chill brewer are expected to drive further growth [131][132] Question: International growth strategy [139] - Response: The company is focused on Mexico and Canada, with potential for inorganic entry into new markets. International growth is driven by category expansion and route-to-market investments [135][140]

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Shares of Keurig Dr Pepper have returned -4.6% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the n ...