The three beneficial owners with over 5% of the company’s common stock include JAB, Mondelēz, and BDT & MSD Partners. Dr. Pepper is an American carbonated soft drink that, like Coca-Cola, was invented by a pharmacist in the nineteenth century. The first drink was thought to have been served in 1885 and was marketed around the United States in 1904. In addition to the USA, Dr. Pepper is now sold in Australia, New Zealand, South Africa, South America, Asia, and Europe.
JAB BevCo B.V.
JAB BevCo B.V. is an indirect subsidiary of JAB Holding Company. Formed as a partner-led investment firm in 2021, JAB manages around $50 billion in capital across investments in predominantly consumer goods and services. Some of the company’s other key investments include Krispy Kreme, Pret, Snapple, 7-Up, Green Mountain Coffee, and Schweppes.
JAB was formed as an investment partnership between JAB Holding Company and strategic co-investor JCP – a Luxembourg-based investment fund for family offices, endowments, institutional investors, and other professional investors.
Mondelez International Holdings LLC
Mondelēz International is a multinational food and beverage conglomerate with its headquarters located in Deerfield, Illinois, USA. The company was formed in 2012 after a split from Kraft Foods and is listed on the NASDAQ stock exchange under the ticker symbol “MDLZ”.
Mondelēz International operates in more than 150 countries and has a diverse range of popular brands under its portfolio. These include Cadbury, Oreo, Ritz, Toblerone, Philadelphia, Trident, Halls, and Milka, to name a few.
In recent years, Mondelēz has been reducing its stake in Dr. Pepper. In September 2020, the company owned about 158 million shares in Keurig Dr. Pepper for an 11.2% stake. This has now reduced to about 118 million shares or an 8.3% stake.
BDT Oak Acquisition Vehicle, L.P.
BDT Oak Acquisition Vehicle is an entity registered in the Cayman Islands but with a headquarters in Chicago, Illinois.
The entity is related to BDT Capital Partners (now BDT & MSD Partners) – a merchant bank that incorporates advisory and investment services. BDT & MSD Partners was formed in 2023 as the result of a merger between BDT & Company – founded by Byron Trott in 2009 – and MSD Partners, an investment firm that invests on behalf of Michael Dell among others.
The company currently has offices in Frankfurt, Palm Beach (Florida), London, Dallas, Los Angeles, Chicago, and New York. The BDT Oak Acquisition Vehicle owns 8.1% of Dr. Pepper or around 114 million shares.
Other shareholders
A cohort of 21 Executive Officers and Directors own about 1% of the company, with NEOs Robert Gamgort and Ozan Dokmecioglu and Directors Peter Harf and Olivier Goudet the largest individual shareholders.
It is also worth noting that Goudet and Harf are the CEO and Chairman of JAB respectively. Gamgort is the current Chairman and CEO of Keurig Dr. Pepper who replaced Dokmecioglu after he resigned from the role in November 2022 due to personal conduct violations.
Key takeaways:
- Dr. Pepper is an American carbonated soft drink that, like Coca-Cola, was invented by a pharmacist in the nineteenth century. The three beneficial owners with more than 5% of the company’s common stock include JAB, Mondelēz, and BDT & MSD Partners.
- JAB manages around $50 billion in capital across investments in predominantly consumer goods and services. It was formed as an investment partnership between JAB Holding Company and strategic co-investor JCP.
- Mondelēz International is a multinational food and beverage conglomerate with its headquarters located in Deerfield, Illinois, USA. BDT & MSD Partners was formed in 2023 as the result of a merger between BDT & Company and MSD Partners.
Key Highlights
- Dr. Pepper and Beneficial Owners:
- Dr. Pepper is an American carbonated soft drink invented in the nineteenth century by a pharmacist, similar to the creation of Coca-Cola.
- The three beneficial owners holding over 5% of the company’s common stock are JAB, Mondelēz, and BDT & MSD Partners.
- JAB BevCo B.V.:
- JAB BevCo B.V. is an indirect subsidiary of JAB Holding Company, an investment firm managing around $50 billion in capital.
- JAB’s investments primarily focus on consumer goods and services. Some notable investments include Krispy Kreme, Pret, Snapple, 7-Up, Green Mountain Coffee, and Schweppes.
- Formed through an investment partnership between JAB Holding Company and JCP, an investment fund based in Luxembourg.
- Mondelez International Holdings LLC:
- Mondelēz International is a multinational food and beverage conglomerate headquartered in Deerfield, Illinois, USA.
- Formed in 2012 after splitting from Kraft Foods, the company is listed on the NASDAQ stock exchange under “MDLZ.”
- Operates globally with a diverse brand portfolio including Cadbury, Oreo, Ritz, Toblerone, Philadelphia, Trident, Halls, and Milka.
- Mondelēz’s stake in Dr. Pepper reduced from an 11.2% stake to 8.3% through a reduction in shares.
- BDT Oak Acquisition Vehicle, L.P.:
- BDT Oak Acquisition Vehicle is linked to BDT Capital Partners (now BDT & MSD Partners), a merchant bank providing advisory and investment services.
- BDT & MSD Partners emerged from the merger of BDT & Company and MSD Partners, with a presence in various global locations.
- BDT Oak Acquisition Vehicle owns around 8.1% (114 million shares) of Dr. Pepper.
- Other Shareholders:
- A group of 21 Executive Officers and Directors collectively own about 1% of the company.
- Key individual shareholders include NEOs Robert Gamgort and Ozan Dokmecioglu, and Directors Peter Harf and Olivier Goudet.
- Goudet and Harf hold leadership positions at JAB, while Gamgort is the Chairman and CEO of Keurig Dr. Pepper.
- Leadership Changes:
- Ozan Dokmecioglu, who held the role of Chairman and CEO of Keurig Dr. Pepper, resigned due to personal conduct violations in November 2022.
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