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Keurig Dr Pepper (NASDAQ:KDP) will become a component of the NASDAQ-100 Index before the market opens on October 19 to replace Western Digital Corporation.

Keurig Dr Pepper will be considered for addition to the NASDAQ-100 Ex-Technology Index at the next quarterly rebalancing.

Shares of KDP are up 1.68% in premarket action.

The company is expected to report earnings in the first week of November. See Wall Street consensus estimates.