The recent news regarding Keurig Dr Pepper (KDP) covers a wide range of business activities and market assessments. Keurig Dr Pepper has seen an improving market outlook as Citi upgrades the beverage company to a 'Buy'. Several financial companies have made significant purchases of KDP shares, with Marshall Wace LLP obtaining over 300,000 and Thrivent Financial for Lutherans acquiring almost 200,000.
On the operations front, KDP continues to grow in South Carolina with a $141 million investment in the Spartanburg County operation. A quarterly dividend increase of 7% and a multi-year sponsorship deal with Mexico's soccer teams reveals their strategic initiatives. KDPβs stock also received a new $40.00 price target at TD Cowen.
Nevertheless, the company had to settle charges over misleading claims about K-Cup's recyclability. Keurig Dr Pepperβs sequential acceleration prospects for the stock toward fiscal year-end have been noted by Deutsche Bank. Recently, KDP strengthened their national direct-store-delivery operations with an acquisition of strategic assets.
Keurig Dr Pepper KDP News Analytics from Thu, 22 Feb 2024 08:00:00 GMT to Sun, 29 Sep 2024 08:42:42 GMT - Rating 7 - Innovation 3 - Information 8 - Rumor 2