SunTrust Reiterates Buy Rating on Keurig Dr Pepper (KDP)
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McDonald's USA Enters Agreement with Keurig Dr Pepper for McCafé Packaged Coffee
September 26, 2019 8:01 AM EDTCHICAGO, BURLINGTON, Mass., PLANO, Texas and PITTSBURGH, Sept. 26, 2019 /PRNewswire/ -- McDonald's USA (MCD) and Keurig Dr Pepper (KDP) today announced a long-term master licensing and distribution agreement for McCafé packaged coffee in the U.S. This new partnership, which brings together the national McCafé brand with Keurig Dr Pepper's leadership in specialty coffee and tea, represents the next chapter in the McCafé packaged coffee business that launched with Kraft Heinz in 2014.
Under the agreement, KDP will continue to be the exclusive manufacturer of McCafé K-Cup® pods in the U.S. KDP will also take on responsibility for... More
