** Keurig Dr Pepper's KDP.O shares down 1.3% in extended trading to $33.59 after secondary offering unveiled

** Massachusetts-based beverage co says JAB Holding Co to offload 75 mln shares with JP Morgan as bookrunner

** Sale would reduce European investment firm JAB's stake from ~9.9% to 4.4%, or ~59 mln shares

** KDP has ~1.36 bln shares outstanding for ~$46.3 bln market cap

** In Feb, JAB slashed its stake in a secondary offering priced at $32.80, and three board members affiliated with JAB resigned from the beverage firm's board

** KDP's shares on Thurs closed down 1.6% at $34.04

** Last week, KDP reported Q1 results above consensus, aided by robust U.S. demand

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))