Keurig Dr Pepper Optimism Drives Up Shares

about 2 months ago

Christine Aino

"Let\"s take a look at Cur Dr. Pepper Paul. So those shares, so tickered KDP shares are up now more than 6% and that is because we did get a more optimistic outlook for the full year from the company. They boosted their net sales growth now to a high singledigit range. I think initially that was a lower mids singledigit range. And they also said that they have secured a $7 billion financing package from Apollo and KKR to support its acquisition of JDP and also its plan to split into two companies."

KDP shares are up over 6% driven by an improved full-year outlook, higher net sales growth estimates, and a secured $7 billion financing package for an acquisition and planned corporate split.

Related Stocks