BUZZ-Keurig Dr Pepper appoints CEO for planned coffee business spin-off; shares rise.

October 1 - ** Soft drink giant Keurig Dr Pepper (KDP.O) shares rose 1.4% to $30.78

** The company (link) has appointed Kimberly-Clark KMB.O executive Russ Torres as CEO of its coffee business "Global Coffee Co", which will become a publicly listed company early next year

** Torres will formally take office on November 3. He has thirty years of experience in the consumer goods industry, has led globally renowned brands, and spearheaded large-scale business transformations

** Of the 20 brokerages covering the stock, 13 rate it "buy" or above, and 7 rate it "hold"; the median price target is $37—data compiled by LSEG

** Including the day's gain, the stock is down 9.9% year to date

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