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Keurig Dr Pepper's profits were up more than sales in the latest quarter. Management is repurchasing shares and intends to increase marketing with its extra cash.
Keurig's (KDP) Q1 results reflect strong brand momentum, as evident from market share growth across regions and elasticity across most categories. Improved net price realization also aids results.
Beverage maker Keurig Dr Pepper beat Wall Street expectations for first-quarter sales and profit on Thursday, helped by steady demand for its high-priced sodas and tonic water.
Keurig Dr Pepper's (KDP) first-quarter 2024 results are likely to reflect gains from brand strength, significant pricing actions and a solid performance in its cold beverages.
Insider buying is good. It shows management's confidence in a business, helping to support investor sentiment, and no insider is more significant than the CEO.
Keurig Dr Pepper stock (NASDAQ NDAQ : KDP) currently trades at $31 per share, 23% below the peak level of $40 seen in August 2022, and it seems to have ample room for growth, in our view. KDP stock was trading at around $35 in early June 2022, just before the Fed started increasing rates, and is now 13% below that level, compared to 34% gains for the S&P 500 during this period.
Keurig (KDP) is on growth track, thanks to its brand strength, innovation efforts, resilient category trends, market share gains and significant pricing actions.
BURLINGTON, Mass. and FRISCO, Texas , March 28, 2024 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP) will release its financial results for the first quarter ended March 31, 2024 before the market opens on Thursday, April 25, 2024.
BURLINGTON, Mass. and FRISCO, Texas , March 12, 2024 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP) today announced that it will webcast its 2024 Strategy Review and Investor Update presentation on Tuesday, March 19, 2024, beginning at 12:45 p.m.
In the wake of a media giant's quarterly report, the Oracle of Omaha is again bolstering his stake in the tracking stocks with some huge insider purchases.