Keurig Dr Pepper Inc.'s Stock Analysis

Keurig Dr Pepper Secures €10.35 Billion Term Loan Agreement

Keurig Dr Pepper Inc. has entered into a Term Loan Agreement with an aggregate amount of up to €10.35 billion, which will be provided under a 364-day term loan facility. The interest rate on borrowings will be based on the EURIBO rate plus a margin that varies depending on the company's debt rating. The agreement includes various covenants and obligations, including a minimum interest coverage ratio and a maximum total net leverage ratio that apply after the initial funding date.

Additionally, the company amended its existing Bridge Credit Agreement, reducing the lenders' commitment from €16.2 billion to €5.85 billion. The amendment allows for certain debt proceeds to first reduce amounts under the Term Loan Agreement before impacting the Bridge Credit Agreement. The proceeds from the Term Loan may be used to finance the acquisition of JDE Peet’s, with options for alternative financing also available.

Dec 19, 2025 16:11:10

Keurig Dr Pepper Declares Quarterly Dividend of $0.23

Keurig Dr Pepper has announced a regular quarterly cash dividend of $0.23 per share, which will be payable on January 16, 2026. Shareholders of record as of January 2, 2026, will receive this dividend in U.S. dollars. This decision was made by the Company's Board of Directors on December 9, 2025.

The company operates as a leading beverage provider in North America, boasting a diverse portfolio of over 125 brands and generating more than $15 billion in annual revenue. Keurig Dr Pepper maintains a strong presence in various beverage categories, including soft drinks, coffee, and tea, and is recognized for its innovative approach in emerging markets such as premium coffee and ready-to-drink beverages.

Dec 09, 2025 16:33:54

Keurig Dr Pepper Appoints New CFO Anthony DiSilvestro

Keurig Dr Pepper announced the appointment of Anthony DiSilvestro as Chief Financial Officer, effective November 25, 2025. DiSilvestro previously served as CFO of Mattel and has extensive financial leadership experience, including a tenure at Campbell Soup Company. He will receive an annual base salary of $1,000,000, with a performance-based bonus and a one-time long-term incentive grant valued at $8,000,000 in restricted stock units.

Sudhanshu Priyadarshi, the former CFO, will transition to a senior advisor role until April 7, 2026, and is eligible for severance benefits and an advisory fee of up to $500,000. There are no reported related party transactions involving DiSilvestro, and he has no familial ties to the company’s directors or officers.

Nov 25, 2025 08:59:43

Court Denies Class Certification in Antitrust Litigation Against Company

The U.S. District Court for the Southern District of New York has denied the motion for class certification from direct purchaser plaintiffs in the ongoing Multidistrict Antitrust Litigation against Keurig Dr Pepper. The plaintiffs had sought over $3 billion in damages but were found not to meet the federal requirements for a class-wide case.

Following the court's decision, the plaintiffs have filed an appeal with the United States Court of Appeals for the Second Circuit. Keurig Dr Pepper plans to continue its defense against this appeal as well as other related lawsuits within the Multidistrict Antitrust Litigation.

Nov 21, 2025 16:08:06

Keurig Dr Pepper Secures $3 Billion Preferred Investment Agreement

Keurig Dr Pepper Inc. has entered into a Preferred Investment Agreement with KKR Investor and Apollo Investor to issue 3,000,000 shares of Series A Convertible Perpetual Preferred Stock for a total of $3 billion. This investment will help fund the company's planned acquisition of JDE Peet’s N.V. The Convertible Preferred Stock will carry a liquidation preference of $1,000 per share and will provide a dividend rate of 4.75% per annum, with potential adjustments based on future events.

The Preferred Investment includes specific terms regarding the conversion of the Convertible Preferred Stock into common stock, with an initial conversion price set at $37.25 per share. Holders of the Convertible Preferred Stock will have voting rights on an as-converted basis and will be subject to restrictions on transfer and standstill provisions for a specified period. Additionally, the agreement outlines covenants affecting the company’s operations and financial metrics leading up to the acquisition and potential spin-off of its coffee business.

Oct 30, 2025 08:00:44

Keurig Dr Pepper Announces Strategic Investments and Leadership Changes

Keurig Dr Pepper has detailed its strategic plans during its investor day, focusing on the acquisition of JDE Peet’s and the upcoming separation into two independent entities. The company announced a $7 billion strategic investment, co-led by Apollo and KKR, aimed at reducing projected net leverage upon acquisition close. This investment includes a $4 billion joint venture for K-Cup® pod manufacturing and a $3 billion convertible preferred stock investment, designed to strengthen the company’s balance sheet and support its investment-grade profile.

Additionally, the company provided updates on leadership and integration efforts, planning to finalize the separation by the end of 2026. Tim Cofer will continue as CEO until the separation, after which he will lead the new Beverage Co. Meanwhile, KDP is conducting a search for the CEO of Global Coffee Co. The company is also focused on achieving targeted net leverage ratios for both entities post-separation, with ongoing evaluations for asset sales and capital investments to facilitate this goal.

Oct 27, 2025 07:20:15

Keurig Dr Pepper Reports Q3 2025 Financial Results

Keurig Dr Pepper Inc. reported a 10.7% increase in net sales for Q3 2025, reaching $4.3 billion, driven by a 6.4% growth in volume/mix and a 4.2% favorable net price realization. The company's U.S. Refreshment Beverages segment saw a significant 14.4% rise in net sales, while the U.S. Coffee segment experienced a modest 1.5% increase. The acquisition of GHOST contributed positively to growth, and the company reported a GAAP operating income of $995 million, reflecting a 10.3% year-over-year increase. Adjusted net income rose 6.5% to $738 million, with adjusted diluted EPS increasing by 5.9% to $0.54 per share.

For the full year 2025, Keurig Dr Pepper has raised its constant currency net sales growth outlook to a high-single-digit range, up from a mid-single-digit range. The adjusted diluted EPS growth outlook remains unchanged in the same high-single-digit range. The company continues to navigate inflationary pressures while focusing on productivity improvements and market share gains across key beverage categories. Operating cash flow for the quarter was reported at $639 million, with free cash flow totaling $528 million.

Oct 27, 2025 06:20:22

Keurig Dr Pepper Appoints New President of U.S. Coffee

Olivier Lemire has been appointed as the new President of U.S. Coffee at Keurig Dr Pepper Inc. He has been with the company since 2011 and previously held the position of President of the Canadian business. Patrick Minogue, the former President of U.S. Coffee, will assist in the transition until September 30, 2025.

Sep 17, 2025 16:38:10

Keurig Dr Pepper Declares Quarterly Dividend of $0.23

Keurig Dr Pepper has announced a regular quarterly cash dividend of $0.23 per share, which will be payable on October 10, 2025. Shareholders of record as of September 26, 2025, will be eligible to receive this dividend. This decision was made by the Company's Board of Directors and is part of its ongoing commitment to return value to shareholders.

The company operates as a significant player in the North American beverage market, boasting a diverse portfolio of over 125 brands. With annual revenues exceeding $15 billion, Keurig Dr Pepper holds leading positions in various beverage categories, including soft drinks, coffee, and tea. The company's innovative approach includes partnerships aimed at growth in emerging beverage segments, reflecting its strategy to meet a wide range of consumer needs.

Sep 16, 2025 17:19:13

Keurig Dr Pepper to Acquire JDE Peet’s for €15.7 Billion

Keurig Dr Pepper Inc. has entered into a merger protocol to acquire JDE Peet’s N.V. for €31.85 per share in an all-cash transaction valued at approximately €15.7 billion. This offer represents a 33% premium over JDE Peet’s recent stock price and includes a previously declared dividend of €0.36 per share. The acquisition is supported by JDE Peet’s board, which has unanimously recommended the offer to its shareholders. Following the acquisition, KDP plans to separate into two publicly traded companies focused on refreshment beverages and coffee, respectively.

To finance the acquisition, KDP has secured a €16.2 billion bridge credit agreement, which may be used in conjunction with other financing options. The merger is subject to various conditions, including regulatory approvals and shareholder votes. KDP has also obtained irrevocable commitments from shareholders holding approximately 69% of JDE Peet’s shares to tender their shares in the offer. The transaction is expected to yield significant cost synergies and enhance KDP's market position in the coffee segment.

Aug 25, 2025 06:05:43