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Stock impact report

Why Keurig Dr Pepper Stock Dropped 12% Last Month [Yahoo! Finance]

Keurig Dr Pepper Inc. (KDP) 
Last keurig dr pepper inc. earnings: 4/27 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
was a busy month for the company, considering it reported financial results, acquired another company, and had some insider ownership activity. However, as the stock price demonstrates, the news wasn't well received by investors. On Oct. 24, Keurig Dr Pepper reported financial results for the third quarter of 2024. Q3 net sales were only up 2% year over year, and its operating income went up by less than 1%. That's not much to get excited about, and it contributed to the drop. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Further contributing to the drop was news on Oct. 28 that Jab Holding Company is selling 60 million shares for $32.85 each. Jab has been a major shareholder since it became a publicly traded company in 2018. But Jab has been reducing its massive stake. Even after completing the share offering, Jab could still hold roughly 16% of Keurig Dr Pepper stock. It's not so much that investors are worried ab Show less Read more
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