Today, we’re looking at a company that sells your favorite drinks…
Regular readers know that companies that sell everyday products make for great investments. Selling consumables that folks always need – like cleaning products and bread – is a great way to bring in returning customers. And that means these stocks can rack up steady gains. Take today’s company, for example…
Keurig Dr Pepper (KDP) is a leading beverage company in North America. It has more than 125 brands… including popular names like Canada Dry (soda), Snapple (tea and juice), and Peet’s Coffee. This wide range of hot and cold beverages encourages customers to come back for more… no matter what’s going on in the economy. And in its most recent quarter, Keurig Dr Pepper reported net sales of $3.2 billion, up 7.6% year over year.
As you can see, KDP shares have been rising steadily. They’re up 35% over the past two years and just hit an all-time high. As long as folks keep stocking up on their favorite drinks, this trend should continue…
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Source: Daily Wealth’s Market Notes