Keurig Dr Pepper Invests $50M in Athletic Brewing Company

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Keurig Dr Pepper ($NASDAQ:KDP) Inc. is a publicly traded company that manufactures, markets, and distributes a variety of non-alcoholic beverages. The company’s portfolio of brands includes Keurig, Dr Pepper, and Snapple, among others. On Wednesday, Keurig Dr Pepper announced that it had invested $50M in the Massachusetts-based Athletic Brewing Company, taking a minority stake in the non-alcoholic craft beer company. This investment follows a previous investment in the non-alcoholic ready-to-drink cocktail brand Atypique.

With Keurig Dr Pepper’s investment, the company will be able to accelerate its growth and continue to innovate in the non-alcoholic beer category. This investment is in line with Keurig Dr Pepper’s strategy to diversify its business and offer more non-alcoholic beverage options to consumers. In addition to its investment in Athletic Brewing Company, Keurig Dr Pepper has also invested in other non-alcoholic brands such as CORE Nutrition and Bai.

Price History

On Wednesday, Keurig Dr Pepper stock opened at $37.8 and closed at $37.6, down by 1.0% from previous closing price of 37.9. The company has invested $50 million in Athletic Brewing Company, a non-alcoholic beer company. This is part of Keurig Dr Pepper’s goal to invest in companies that offer healthier alternatives to traditional beverages. The company makes non-alcoholic beer that is brewed using a cold filtration process that removes the alcohol from the beer.

The investment from Keurig Dr Pepper will allow Athletic Brewing Company to expand its production capacity and develop new products. Athletic Brewing Company plans to use the investment to open a new brewing facility in 2021.

VI Analysis

Keurig Dr Pepper is a medium risk investment in terms of financial and business aspects, according to the VI Risk Rating. The company’s fundamentals reflect its long term potential, and the VI App has detected 1 risk warnings in the balance sheet. However, more detailed analysis is needed to fully assess the company’s risks.

VI Peers

In the beverage industry, Keurig Dr Pepper Inc competes with PepsiCo Inc, Coca-Cola Co, Coca-Cola Consolidated Inc, and other companies. The company has a portfolio of products that includes coffee, tea, and water. It also offers a variety of packaging options for its products.

– PepsiCo Inc ($NASDAQ:PEP)

PepsiCo Inc is a global food and beverage company with a market cap of 250.16B as of 2022. The company has a Return on Equity of 45.25%. PepsiCo is a leading provider of convenient snacks, foods and beverages, with operations in more than 200 countries and territories. The company’s products are marketed under a variety of iconic brands, including Pepsi, Lay’s, Gatorade, Quaker and Tropicana.

– Coca-Cola Co ($NYSE:KO)

Coca-Cola Co is a beverage company that manufactures and markets non-alcoholic syrups and concentrates. The company has a market cap of 258.82B as of 2022 and a Return on Equity of 35.17%. The company offers a wide range of products including sodas, juices, sports drinks, and waters. It operates in over 200 countries and has a global workforce of over 130,000 people.

– Coca-Cola Consolidated Inc ($NASDAQ:COKE)

Coca-Cola Consolidated Inc is one of the world’s largest beverage companies. The company produces, markets and sells a variety of non-alcoholic beverages, including soft drinks, juices, bottled water, sports drinks and teas. Coca-Cola Consolidated Inc has a market cap of 4.57B as of 2022 and a Return on Equity of 29.91%. The company operates in over 200 countries and employs over 31,000 people.

Summary

Keurig Dr Pepper has announced that it is investing $50 million in Athletic Brewing Company, a Connecticut-based craft brewery that specializes in non-alcoholic beer. This investment will help Athletic Brewing expand its production capabilities and reach more consumers nationwide. Keurig Dr Pepper is one of the largest beverage companies in the world, and its investment in Athletic Brewing underscores the growing demand for non-alcoholic options. The company has quickly become one of the leading craft breweries in the country, and its beers have been awarded medals at major international competitions.

With Keurig Dr Pepper’s investment, Athletic Brewing will be able to expand its operations and distribution network, making its products available to even more beer drinkers. This is good news for those who are looking for flavorful non-alcoholic options, and it underscores the growing popularity of craft beer.