JDE Peet’s Clears Bidco Offer; Keurig Dr Pepper Trades at 13.95x Forward P/E
At the March 2 general meeting JDE Peet’s approved all resolutions for Kodiak BidCo’s recommended public offer for Keurig Dr Pepper. Keurig Dr Pepper holds a Zacks Rank 2 with forward P/E 13.95, PEG 1.64 and P/B 1.61, earning a Value grade B versus Coca-Cola European’s C.
1. EGM Approves Kodiak BidCo Offer Resolutions
At its March 2 extraordinary general meeting JDE Peet’s formally adopted all resolutions relating to Kodiak BidCo’s recommended public offer for Keurig Dr Pepper. The approvals clear a key shareholder hurdle, allowing the transaction to proceed toward closing pending regulatory and customary conditions.
2. Valuation Metrics Favor Keurig Dr Pepper Over Coca-Cola European
Keurig Dr Pepper holds a Zacks Rank 2 (Buy) versus Coca-Cola European’s Rank 3 (Hold), reflecting stronger earnings revision trends. Keurig Dr Pepper trades at a forward P/E of 13.95 (vs 21.90), PEG of 1.64 (vs 2.37) and P/B of 1.61 (vs 5.42), earning a B grade in the Style Score Value category compared to C for Coca-Cola European.