Keurig Dr Pepper (NYSE: KDP) (the "Company" or "KDP") announced today the completion of its previously-announced registered public secondary offering of 40.0 million shares, or approximately 2.8%, of the Company's outstanding common stock, for gross proceeds of approximately $1.08 billion. All of the shares were sold by Maple Holdings B.V. ("Maple").

NEW YORK, NY / ACCESSWIRE / April 27, 2020 / Keurig Dr Pepper, Inc. (NYSE:KDP) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 27, 2020 at 5:00 PM ...

Keurig Dr Pepper Inc. (NYSE: KDP) today reported strong financial results for the first quarter ended March 31, 2020. Net sales in the first quarter of 2020 increased 4.4% to $2.61 billion, compared to $2.50 billion in the year-ago period, reflecting growth in all four reporting segments. On a constant currency basis, net sales increased 4.5%.

Keurig Dr Pepper Inc. shares slid 3.4% in premarket trade Thursday, after the drinks company priced a $40 million secondary stock offering, joining the many companies that are issuing debt or equity to bolster liquidity during the pandemic. The Burlington, Mass.-based company priced the deal at $27.25 a share, compared with its Wed. closing price of $27.69. The shares were sold by Maple Holdings B.V., a holding company majority owned by JAB Holdings B.V., a Luxembourg-based German conglomerate, which has directly purchased about 7.4 million shares. Goldman Sachs is sole underwriter on the deal. Shares have fallen 4.4% in the year to date through Wednesday, while the S&P 500 has fallen 8%.

The global case tally for the coronavirus that causes COVID-19 passed 5 million on Thursday after the biggest one-day increase since the start of the outbreak, as a top U.S. scientist cautioned that people should not rely on a vaccine and the labor market continued to show massive job losses.

Beverage giant reports strength in packaged beverages segment in light of coronavirus Continue reading...

Keurig Dr Pepper (NYSE: KDP) (the "Company" or "KDP") announced today the commencement of a registered public secondary offering of 40.0 million shares, or approximately 2.8%, of the Company's outstanding common stock. All of the shares sold in the offering will be sold by Maple Holdings B.V. ("Maple").

(Bloomberg) -- Maple Holdings BV, a Netherlands-based firm connected to the billionaire Reimann family through investment firm JAB Holdings BV, is offering 40 million shares of Keurig Dr Pepper Inc. -- or about 3% of the outstanding shares -- for $1.1 billion, according to a filing.Most of the proceeds will go to investors in Maple Holdings besides the Reimann family or JAB, a spokesman for JAB said, declining to name the investors.JAB directly purchased almost a fifth of the shares being offered. Goldman Sachs Group Inc. is underwriting the transaction.“Maple may distribute the proceeds of the offering to its members or otherwise redeem interests of its members from time to time, including JAB,” Keurig Dr Pepper said in a statement Thursday. “Maple and JAB collectively intend to remain a controlling shareholder in KDP.”The move comes as JAB plans to raise as much as 2 billion euros ($2.2 billion) by listing its coffee business.Shares of Keurig Dr Pepper Inc. have fallen 7.2% this year.(Updates with Keurig Dr Pepper share performance in last paragraph. An earlier version was corrected to clarify the seller.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Keurig Dr Pepper (NYSE: KDP) (the "Company" or "KDP") announced today the pricing of its previously-announced registered public secondary offering of 40.0 million shares, or approximately 2.8%, of the Company's outstanding common stock, at a price to the public of $27.25 per share. All of the shares have been offered by Maple Holdings B.V. ("Maple").

Since its debut on the stock market in July 2018, Keurig Dr Pepper -- the combination of several notable beverage companies, mainly the Keurig coffee machine and drinks maker, familiar soda brand Dr. Pepper, and the Snapple line of drinks -- has paid that regular $0.15 per share dividend every quarter. Keurig Dr Pepper stock was an underperformer on Wednesday.

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By merging Keurig Green Mountain's coffee prowess with Dr Pepper Snapple's portfolio, I believe the combined business is greater than the sum of its parts. While often seen as the third-place runt in the two-way battle between Coca-Cola and PepsiCo, Keurig Dr Pepper has a nonalcoholic beverage offering for every consumer. Upon merging, Keurig Dr Pepper's big promise to shareholders was earnings growth.

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

After the market closed on Monday, beverage giant Keurig Dr Pepper (NYSE: KDP) released first-quarter 2020 results that were good enough to excite investors. In a rare move this earnings season, Keurig Dr Pepper reaffirmed its guidance for 2020, citing the strength of its diversified beverage portfolio. With restaurant sales volume falling because of COVID-19, Keurig Dr Pepper's concentrate shipment volume was mildly impacted during the quarter.

Q1 2020 Keurig Dr Pepper Inc Earnings Call

Keurig Dr Pepper (NYSE: KDP) today announced that KDP management plans to participate in an investor call hosted by RBC Capital Markets on May 27, 2020 at 8:00AM ET. During the event, which will be a fireside chat led by Equity Analyst Nik Modi, management will discuss current trends in the business and its outlook for the balance of the year, which is unchanged since the Company's quarterly earnings report on April 27, 2020.

Keurig Dr Pepper (KDP) posts sturdy Q1 results, driven by strong sales growth across all segments.

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