Who owns Dr. Pepper and what is his fortune? (2024)

FAQs

Who are Dr Pepper owned by? ›

Who owns Dr Pepper? Dr Pepper is owned by Keurig Dr Pepper (KDP), parent company of Canada Dry Mott's Inc (CDMI) in Canada along with a number of other great brands. KDP is a North American beverage powerhouse with many highly recognized brands.

Dr Pepper is an independent brand with its own unique identity. While it is often associated with both Coca-Cola and Pepsi due to historical partnerships and distribution agreements, it is not owned by either of these beverage giants.

Summary. This company has been included in the Fortune 500 list.

After the DPSU merger, Coca-Cola obtained most non-US rights to the Dr Pepper name (with PepsiCo taking the Seven Up rights).

Dr Pepper, however, is owned by Keurig Dr Pepper and maintains wary alliances with both competitors, meaning that wherever co*ke or Pepsi are sold, there's a good chance Dr Pepper has a backlit button as well.

No, Dr Pepper is not being discontinued

Dr Pepper has been a popular soft drink for over 100 years. The soda was originally made in Morrison's Old Corner Drug Store and Waco, Texas, and was first sold in 1885. But viral posts circulating on social media have left people panicking about the soda's future.

1 is co*ke, which had 19.2% of the soda market in the U.S. by volume last year, making it by far the nation's favorite, according to Beverage Digest's data. At 130 years old, co*ke also is the most consumed soda in the world, with an estimated 1.9 billion servings across 200 countries, according to Brand Finance.

Pepper has officially overtaken Pepsi, which held the second-place spot since 1985, as the number two soda brand in America. According to the data, shared with the Wall Street Journal, co*ke still leads by a very healthy margin, taking home 19.2% of the soda market in the U.S. by sales volume.

Vernor's boasts the oldest soda in America, but not the world. That belongs to Schweppe's, who created a carbonated mineral water in 1783. Other old sodas include Hires Root Beer (1876), Moxie 1876, Dr. Pepper (1885) Coca-Cola (1886) and Pepsi (1893.

co*ke is the leader by a comfortable margin. Last year, it captured 19.2% of the soda market in the United States by volume, Beverage Digest's data shows. Dr Pepper and Pepsi both had 8.3%, with Dr Pepper technically ahead. After that came other brands owned by Coca-Cola: Sprite came in at 8.1% and Diet co*ke at 7.8%.

How much did Coca-Cola pay for Dr Pepper? ›

In addition to the $715 million payment, Dr Pepper beverages will be included in co*ke's new Freestyle touch-screen drink machines -- an arrangement Dr Pepper values at $115 million to $135 million. The agreement follows a similar deal between Dr Pepper and PepsiCo Inc .

Outgoing Keurig Dr Pepper CEO Bob Gamgort and Incoming Keurig Dr Pepper CEO Tim Cofer join Yahoo Finance Executive Editor Brian Sozzi in-studio open up about the company's transition plan and their expectations for growth across categories, including coffee and caffeinated beverages.

The resulting concoction would become the formula for Dr Pepper. The drink became a favorite of fountain patrons, and soon people all across town ordered the drink originally known as a Waco.

First introduced as "Peppo" to compete against Dr Pepper, the name was changed to "Mr. Pibb" after Dr Pepper sued The Coca-Cola Company for trademark infringement.

The most recent information on the exact annual revenues of Pepsi and Coca-Cola, but as of 2022, it was reported that PepsiCo's annual revenue was around $67 billion, while The Coca-Cola Company's annual revenue was around $37.3 billion.

Pepsi is not owned by Coca-Cola. The two companies have competed for more than 100 years and are the world's biggest beverage companies. They effectively have a duopoly in the beverages sector, though they do compete with smaller companies like Keurig Dr Pepper (NASDAQ:KDP).

In the US, 7 Up merged with Dr Pepper in 1988; Cadbury Schweppes bought the combined company in 1995. The Dr Pepper Snapple Group was spun off from Cadbury Schweppes in 2008; it merged with Keurig Green Mountain in 2018 to form Keurig Dr Pepper.

LAWRENCE — As K-Cup maker Keurig Green Mountain's $19 billion deal announced Monday to acquire Dr Pepper Snapple seemed to surprise watchers of the beverage industry, a University of Kansas scholar of mergers said both companies were facing challenges.