Numerous updates have marked recent activity around **Keurig Dr Pepper Inc. (NASDAQ:KDP)**, a popular drinks company. International Assets Investment Management LLC made significant investment in the firm, purchasing over 108,500 shares. On the other hand, Reyes Coca-Cola sued KDP following non-renewal of Dr Pepper's California Distribution rights. JAB has sold its KDP shares at $29.10 each, while reports noted houses like Truist Financial Corp were downsizing holdings in KDP. Its 2024 Q1 results were impressive with KDP reaffirming its fiscal 2024 guidance. Meanwhile, low sales have led the company to promote the value of US coffee. Its subsequent Q1 earnings report was eagerly anticipated. However, KDP announced plans to close its Williston plant and consolidate in Essex Jct. KDP also announced a leadership change with CEO Gamgort's resignation, and the appointment of Timothy Cofer. Expansion of partnerships with Lavazza Group and Electrolit are among KDP's operational highlights. Overall, KDP's market presence is strengthened by high institutional ownership.
Keurig Dr Pepper KDP News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Fri, 10 May 2024 08:16:03 GMT -
Rating 4
- Innovation 5
- Information 7
- Rumor 6
