Insider Weekends: New CFO Of Keurig Dr Pepper Purchases Shares

  • January 22, 2023
One of the largest beverage companies amongst the likes of Coca-Cola (KO), Keurig Dr Pepper (KDP) is a drink focused conglomerate which owns recognizable brands such as Snapple, 7UP, Dr. Pepper and Keurig. The company was formed through the merger/acquisition of the publicly traded Dr Pepper Snapple Group by the privately held Keurig Green Mountain for $18.7 billion. At the time, Keurig Green Mountain was owned by the investment firm JAB, which had taken Keurig private in March 2016 for $92 per share, or a total of $13.9 billion. Investors who have been actively investing during the last decade might recollect how Keurig Green Mountain used to trade at a significant premium and was a favorite of short sellers. Unfortunately JAB’s acquisition was a blow to short sellers and remains one of the key risks they must contend with. Keurig Green Mountain remained private for only two years before going public again through the Dr Pepper Snapple Group and JAB remains the majority shareholder in the combined company. JAB Holding has built an impressive portfolio over the years, as it either owns or has a majority stake in companies such as Panera Bread, Krispy Kreme, and Peet’s Coffee. As is...

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