Keurig Dr Pepper Inc. (KDP) Stock Price & Analysis
Keurig Dr Pepper Inc. (KDP) is trading at USD 34.69, down 1.42% today, as of October 23, 2026 at 14:21 UTC (US market open; quotes may be delayed), according to Nexqual market data.
KDP last closed at USD 34.69; today's session has ranged USD 34.67–35.4 on volume of 1,439,298 shares. Market capitalization is —, with a 52-week range of USD 24.88–35.4 (NMS). Source: Nexqual, retrieved October 23, 2026 at 14:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/KDP.md
Key facts (KDP)
- Last four reported quarters (through Jun 30, 2026): revenue $20.1B, net income $1.43B (7.1% margin), free cash flow $1.97B (SEC filings).
- 2 of 80 tracked superinvestors hold KDP (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $1.1M; 2 not under a Rule 10b5-1 plan ($1.1M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $250K; 0 by opportunistic insiders, 0 by routine insiders.
- Total return with dividends: 1Y +29.9% vs S&P 500 +14.4%; 5Y +9.8% vs S&P 500 +77.0%.
- Next earnings: 2026-11-03, EPS estimate USD 0.62, revenue estimate $7.33B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (KDP)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $12.7B | $14.1B | $14.8B | $15.4B | $16.6B | $20.1B |
| Gross profit | $6.98B | $7.32B | $8.08B | $8.53B | $9.00B | — |
| Operating income | $2.89B | $2.60B | $3.19B | $2.59B | $3.58B | $3.26B |
| Net income | $2.15B | $1.44B | $2.18B | $1.44B | $2.08B | $1.43B |
| EPS (diluted) | $1.50 | $1.01 | $1.55 | $1.05 | $1.53 | — |
| Free cash flow | $2.45B | $2.48B | $904M | $1.66B | $1.50B | $1.97B |
| Gross margin | 55.0% | 52.1% | 54.5% | 55.6% | 54.2% | — |
| Operating margin | 22.8% | 18.5% | 21.5% | 16.9% | 21.5% | 16.2% |
| Net margin | 16.9% | 10.2% | 14.7% | 9.4% | 12.5% | 7.1% |
| Revenue growth | +9.2% | +10.8% | +5.4% | +3.6% | +8.2% | — |
| Cash + short-term investments | $567M | $535M | $267M | $510M | $1.03B | — |
| Total debt | $11.7B | $11.6B | $11.1B | $13.9B | $13.9B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (KDP)
P/E at fiscal year-ends: Dec 2025 18.4x, Dec 2024 30.5x, Dec 2023 21.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (KDP)
2 of 80 tracked investors hold KDP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Nygren | Oakmark Funds | 4.04% | $3.04B | Reduced -0.2% |
| Lee Ainslie | Maverick Capital | 0.02% | $1.9M | Added +4.6% |
Insider sales (SEC Form 4, open-market, last ~7 months) (KDP)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-08…2026-09-09 | Denooyer Mary Beth | Chief Human Resources Officer | 24,000 | $778K | 25% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-03 | Stephens Angela A. | Senior VP & Controller | 9,500 | $311K | 14.6% | No | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (KDP)
1 purchase, $250K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-25 | Alt Aaron E | Director | 7,862 | $250K | 31.83 | Too little history (no open-market trades in 2023–2025) |
Analysts (KDP)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | JP Morgan | Target raised | Overweight | $38 → $39 |
| 2026-09-15 | Argus Research | Reiterated | Buy | $36 |
| 2026-08-13 | HSBC | Upgrade | Hold → Buy | $40 |
| 2026-08-10 | Barclays | Target raised | Overweight | $36 → $38 |
| 2026-08-07 | UBS | Target raised | Buy | $38 → $39 |
| 2026-08-07 | Evercore ISI Group | Target raised | In-Line | $30 → $32 |
| 2026-07-23 | JP Morgan | Target raised | Overweight | $33 → $38 |
| 2026-07-16 | UBS | Target raised | Buy | $34 → $38 |
| 2026-07-14 | Citigroup | Target raised | Buy | $32 → $37 |
| 2026-06-25 | Barclays | Upgrade | Equal-Weight → Overweight | $30 → $36 |
Total return (dividends reinvested) (KDP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +29.9% | +9.8% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | +29.9% | +1.9% |
| Volatility (annualized) | 27.4% | 22.1% |
| Max drawdown | -17.7% (Feb 2026→Apr 2026) | -30.4% (Aug 2022→Sep 2025) |
KDP revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| U.S. Refreshment Beverages | $2.92B | 40.0% | +10.0% |
| JDE Peet's | $2.80B | 38.3% | — |
| U.S. Coffee | $918.0M | 12.6% | -3.2% |
| KDP International | $664.0M | 9.1% | +19.6% |
| Total revenue | $7.31B | 100% | — |
KDP revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| LRB | $2.87B | 39.2% | +10.7% |
| Other | $58.0M | 0.8% | -18.3% |
| Total revenue | $7.31B | 100% | — |
KDP revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $14.50B | 87.3% | +8.5% |
| Non Us | $2.10B | 12.7% | +6.0% |
| Total revenue | $16.60B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
KDP suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Walmart (WMT) | “Net sales to Walmart are included in all reportable segments.” |
| Partner | Starbucks (SBUX) | “Our partner brands include Starbucks, Dunkin', Folgers, and Peet's, among others.” |
| Competitor | Coca-Cola (KO) | “Our primary competitors include Coca-Cola, PepsiCo, Starbucks Corporation, The J.M.” |
| Competitor | PepsiCo (PEP) | “Our primary competitors include Coca-Cola, PepsiCo, Starbucks Corporation, The J.M.” |
Quoted from the company's 10-K filed Feb 24, 2026.
KDP company outlook (results filed Aug 6, 2026)
- “Guidance for 2026 Performance Led by U.S.”
- “Refreshment Beverages and JDE Peet's Company Reaffirms 2026 Constant Currency Net Sales and Adjusted EPS Outlook Company Continues to Target a Pro-Forma Management Leverage Ratio of 4.1x at Year-End 1 FRISCO, TX and BURLINGTON, MA ( August 6, 2026 ) – Keurig Dr Pepper Inc.”
- “(NASDAQ: KDP) today reported results for the second quarter of 2026 and reaffirmed its full year guidance.”
- “Reported GAAP Basis Adjusted Basis 1 Q2 YTD Q2 YTD Net Sales $7.31 bn $11.29 bn $7.31 bn $11.29 bn % vs prior year 75.6% 44.7% 74.6% 43.6% Diluted EPS $0.04 $0.24 $0.57 $0.97 % vs prior year (90.0)% (69.2)% 16.3% 4.3% Commenting on the performance, CEO Tim Cofer stated, "We delivered another strong quarter of results, with Q2 EPS exceeding our expectations.”
Quoted word-for-word from the SEC 8-K results press release.
KDP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.62 | $0.64 | -2.5% | $7.33B | 15 |
| Next quarter (ends Dec 2026) | $0.70 | $0.72 | -2.6% | $7.71B | 15 |
| Current fiscal year (ends Dec 2026) | $2.29 | $2.29 | +0.2% | $26.31B | 19 |
| Next fiscal year (ends Dec 2027) | $2.53 | $2.53 | -0.0% | $29.94B | 19 |
KDP options: expected move
Options price a move of about ±7.9% (±$2.78) by Nov 20, 2026, which includes earnings on Nov 3, 2026. Over the last 8 reports the stock moved ±3.7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 35.5% | ±7.9% |
| Dec 18, 2026 | 56 | 28.2% | ±8.9% |
| Jan 15, 2027 | 84 | 25.4% | ±9.9% |
| Mar 19, 2027 | 147 | 26.9% | ±13.7% |
| Apr 16, 2027 | 175 | 27.2% | ±15.0% |
| Jun 17, 2027 | 237 | 27.0% | ±17.4% |
| Sep 17, 2027 | 329 | 27.8% | ±20.9% |
30-day implied volatility 31% vs 27.7% realized over the last 30 trading days. Put/call ratio (volume) 0.02. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 14:21 UTC)
| Price | USD 34.69 |
|---|---|
| Change | ▼ 1.42% (down) |
| Previous Close | USD 34.69 |
| Open | USD 34.69 |
| Day Range | USD 34.67 – 35.4 |
| 52-Week Range | USD 24.88 – 35.4 |
| Volume | 1,439,298 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (KDP)
Nexqual's technical model rates KDP "BUY" based on 5 bullish and 1 bearish signals across 128 daily candles, as of October 23, 2026 at 14:21 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 63.55 (neutral) |
| vs SMA50 | Above (USD 32.03) |
| MACD | 0.94 (positive) |
Earnings (KDP)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 0.62 |
| Revenue Estimate | $7.33B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.57 vs est 0.54 ▲ beat |
| 2026-03-31 | USD 0.39 vs est 0.37 ▲ beat |
| 2025-12-31 | USD 0.6 vs est 0.59 ▲ beat |
| 2025-09-30 | USD 0.54 vs est 0.54 ▲ beat |
Source: Nexqual, October 23, 2026 at 14:21 UTC.
Financials & Fundamentals (KDP)
| Total Revenue | $20.09B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +75.60% |
| Gross Margin | +50.96% |
| Operating Margin | +12.89% |
| Profit Margin | +7.10% |
| ROE | +5.10% |
| Debt / Equity | 1 |
| Current Ratio | 0.48 |
| Total Cash | $1.53B |
| Total Debt | $33.53B |
Source: Nexqual, October 23, 2026 at 14:21 UTC.
Ownership (KDP)
| Insider Ownership | +4.71% |
|---|---|
| Institutional Ownership | +109.68% |
| Shares Outstanding | 1.36B |
| Float | 1.35B |
| Short % of Float | +6.03% |
Source: Nexqual, October 23, 2026 at 14:21 UTC.
From Keurig Dr Pepper Inc.'s Latest SEC 10-K Filing (filed 2026-02-24)
Key Strengths & Strategy (as disclosed to the SEC)
- On August 24, 2025, we entered into an agreement to acquire JDE Peet's, a global pure-play coffee company with a portfolio of leading brands including Jacobs, L'OR, and Peet's.
- We produce and sell K-Cup pods for cocoa, including through a licensing agreement for the Swiss Miss brand, and hot apple cider, including under our own brand, Mott's.
- Our largest retailer, Walmart, represented approximately 16% of our consolidated net sales in 2025.
- We also cultivate strong relationships with leading beverage brands that enable us to form long-term, capital-efficient partnerships.
Legal & Regulatory Risks (Item 1A, quoted)
- Litigation or legal proceedings could expose us to significant liabilities and damage our reputation.
- Failure to comply with personal data protection and privacy laws can adversely affect our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MNST | Monster Beverage Corporation | USD 46.44 | ▼ 1.82% |
| MDLZ | Mondelez International, Inc. | USD 63.73 | ▼ 2.24% |
| LW | Lamb Weston Holdings, Inc. | USD 54.72 | ▼ 0.83% |
| HRL | Hormel Foods Corporation | USD 20.95 | ▼ 1.94% |
| VRSK | Verisk Analytics, Inc. | USD 200.78 | ▼ 1.25% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 14:21 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt