Key Factors
Keurig Dr Pepper owns and licenses a portfolio of greater than 125 manufacturers within the beverage and occasional market, together with Snapple, Yoohoo, Mistic, Canada Dry and 7-Up.
Personal fairness agency JAB Group Holdings orchestrated the acquisition of Keurig Inexperienced Mountain in 2013 and the merger with Dr Pepper Snapple Group in 2018.
Keurig reaffirmed its 2024 steering at an investor occasion for full 12 months 2024 EPS of excessive single-digits YoY development and income development in mid-single digits.
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Keurig Dr Pepper Inc. NASDAQ: KDP is a beverage firm that additionally focuses on single-serve espresso brewer machines and pods. In actual fact, Keurig began the single-serving espresso market with its brewers and Inexperienced Mountain Espresso Okay-Cups. The buyer staples sector large was shaped by the merger between Keurig Inexperienced Mountain and Dr Pepper Snapple Group.
The buyer staples sector firm is a powerhouse within the beverage market. It competes with The Coca-Cola Co. NYSE: KO, PepsiCo Inc. NASDAQ: PEP, Monster Beverage Co. NASDAQ: MNST, Celsius Holdings Inc. NASDAQ: CELH and Nestle S.A. OTCMKTS: NSRGF within the carbonated beverage, juice, water, tea and occasional segments. The corporate not too long ago reaffirmed its steering. With shares buying and selling at 16.06X ahead earnings discounted to the 21X trade common, worth gamers might get . Get Keurig Dr Pepper alerts:Signal Up
Over 125 Manufacturers
Keurig Dr Pepper has a portfolio of over 125 owned, partnered, licensed and allied manufacturers. A few of its common manufacturers embody Canada Dry, Snapple, Yoohoo, Mistic, Nantucket Nectars, Mr. & Mrs. T, RC Cola, Stewart’s, A&W, and Core. Xyience Power, Rose’s and Venom Power. Its common partnered manufacturers embody Evian, Polar, Starbucks, Dunkin, Lipton, Folgers, Gevalia, Eight O’Clock Celestial Seasonings, Café Bustelo, Caribou Espresso, Peet’s, Tazo, Tim Horton’s, illy and Maxwell Home.
Regular This autumn 2023 Earnings
Keurig Dr Pepper reported This autumn 2023 EPS of 55 cents, beating 54 cents consensus analyst estimates by a penny. Revenues rose 1.7% to $3.87 billion versus $3.92 billion.
Tender Steerage
The corporate expects internet gross sales to develop in a mid-single-digit vary and adjusted diluted EPS development within the excessive single-digit vary in 2024.
CEO Insights
Keurig Dr Pepper CEO Robert Gamgort commented that 2023 was a big 12 months for the corporate because it grew market share throughout most of its enterprise. The corporate entered a number of high-growth white areas, together with sports activities hydration and ready-t-drink espresso. The corporate returned greater than $1.8 billion to traders, together with a 7.5% dividend enhance and the repurchase of twenty-two million shares. Dr Pepper Strawberries and Cream was the highest innovation launch within the carbonated tender drink (CSD) class in 2023.
RTD Low and No Alcohol Progress
Gamgort commented, “As an illustration, the launch of Schweppes mocktails in LatAm will construct on our expertise in ready-to-drink low and no-alcohol merchandise in Canada. Whereas the upcoming introductions of Dr Pepper Darkish Berry in Mexico and an growth of 0 CSDs in Canada leverage profitable playbooks out of the U.S. Because the merger, we now have grown our worldwide enterprise at a powerful double-digit CAGR from barely over $1 billion in annual gross sales to nearly $2 billion. We proceed to see outsized development potential on this phase, and it’ll stay a significant contributor to KDP’s complete ends in 2024 and past.”
JAB Holdings Group Trims Down Its Stake
JAB is a non-public fairness agency that makes a speciality of buying beverage firms. They orchestrated the acquisition and privatization of Keurig Inexperienced Mountain for $13.8 billion in 2016. The corporate was instrumental within the merger between Keurig and Dr Pepper Snapple Group. JAB held a controlling curiosity in each Snapple Beverage Group and Dr Pepper and helped merge the 2 firms. In 2018, JAB helped orchestrate the Keurig and Dr Pepper Snapple merger. JAB grew to become a serious stakeholder within the new firm, proudly owning almost 74% of the shares. JAB has since decreased its holdings, cashing out most of its stake. On March 8, 2024, JAB lowered its energetic stake to 23.9%, down from 27.6%
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