Keurig Dr Pepper (NASDAQ: KDP) today announced that members of the Company’s management plan to participate in an investor call hosted by BofA Securities and Morgan Stanley on September 29, 2020 at 10:00AM ET. During the event, which will be a fireside chat led by Equity Analysts Bryan Spillane with BofA Securities and Dara Mohsenian with Morgan Stanley…
Morgan Stanley pushes its rating on Keurig Dr Pepper (NYSE:KDP) to Overweight from Equal weight.
The firm points to strong near-term consumer trends, including a higher level of at-home coffee consumption.
Keurig Dr Pepper Inc. on Thursday reported a second-quarter profit as consumer behavior during the coronavirus pandemic led to higher sales.
The global coffee market witnessed a change in trend with Nespressos introduction of the concept of premium portioned coffee. Coffee pods also known as pads require slow-pressure, almost drip system to brew.
The Burlington, Massachusetts-based beverage company’s effort is part of its “Fueling the Frontline” program to provide health care workers in the country with coffee and other drinks during the pandemic, according to a statement from spokesperson for the business.
Last week, the company told investors that it’s affirming its plan to expand revenue by the low to mid single digits in fiscal 2020 and to grow diluted earnings per share by 13% to 15%. Management also held a conference call to discuss business continuity and its supply chains, given the rising demand for some of its products.
Chicago-based Limitless, which produces caffeinated sparking water and other coffee and tea products, is being acquired by Keurig Dr Pepper, based in Plano, Texas.