Keurig Dr Pepper KDP has reported strong Q4 and Full Year 2024 results and revealed an ambitious outlook for 2025. Share prices fluctuated due to significant ownership change as JAB sold 73 million shares, worth $2.4B. Despite the EPS not meeting expectations, KDP stock earned a rating upgrade. Major developments included a secondary offering of common stock by JAB and a strong surge in revenue. However, coffee underperformance due to ongoing cost pressures was a challenge. In response to changing dynamics, KDP announced a board restructuring and rolled out bold new flavors across the iconic U.S. cold beverages portfolio. Despite coffee concerns, KDP topped Q4 estimates and even saw an increasing demand resulting in higher-than-expected annual profit. A significant announcement was the acquisition of disruptive energy drink business, GHOST, underscoring KDP's growth strategy. On the back of the strong results, price targets for KDP were raised by major investment firms like Citi, Jefferies, JP Morgan Chase, and Morgan Stanley.
Keurig Dr Pepper KDP News Analytics from Tue, 10 Sep 2024 07:00:00 GMT to Fri, 28 Feb 2025 22:34:09 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor 4
