Stifel Financial Corp reduced its shares in
Keurig Dr Pepper Inc. (NASDAQ:KDP), whereas
1832 Asset Management L.P and
CIBC Private Wealth Group LLC increased their holdings. The company strengthened its national direct-store-delivery operations through the acquisition of strategic assets from
Kalil Bottling. KDP expanded its operations to Brazil, opening a
trading and logistics branch. Despite lower sales, KDP aims to promote the 'value' of US coffee. The company anticipates its stock to recover to pre-inflation shock high of $40. Recent hit a new 52-week high of $34.99.
Q1 2024 reports from KDP showed positive results, with the company reaffirming fiscal 2024 guidance. The company has also sold 100 million shares of common stock to JAB, and bought back 35 million.
Wells Fargo has raised the KDP price target to $41.00.
Dr Pepper has surpassed Pepsi to become America's second favorite soda.
Keurig Dr Pepper recently revealed its first quarter results for 2024, surpassing expectations.
Keurig Dr Pepper KDP News Analytics from Mon, 13 Nov 2023 08:00:00 GMT to Sun, 09 Jun 2024 15:42:07 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -3
