BUZZ-Keurig Dr Pepper dips as top investor JAB to carve stake

Keurig Dr Pepper's KDP.O shares down 2.2% at $33 in post-market trade after secondary offering news

Burlington, Massachusetts-based beverage co announces top investor JAB Holding Co to offload 73 mln shares with JP Morgan as bookrunner

Sale would reduce Netherlands--based JAB's stake from ~16% to 10.7%, or ~145 mln shares

KDP has ~1.36 bln shares outstanding for ~$45.8 bln market cap

Given JAB's reduced ownership, co says Joachim Creus, Frank Engelen and Olivier Goudet, the three members of its board who are affiliated with JAB, notified KDP they will resign from the board upon offering's completion

KDP's shares on Weds closed down 3.4% at $33.74. YTD, stock up 5% vs 6.1% advance in S&P 500 Consumer Staples sector .SPLRCS and 1.3% gain for S&P 500 .SPX

Early Tues, KDP posted Q4 profit beat and forecasted 2025 profit above consensus, helped by strong demand for its higher-priced sodas and sports drinks