Keurig Dr Pepper (KDP)

• Market cap: $43.9B
• 1 day: -0.09%
• 5 days: -3.49%
• 1 month: 1.03%
• 3 months: -13.59%
• 6 months: -5.38%
• Year to date: -3.00%
• 1 year: 0.28%
• 5 years: 12.12%
• 10 years: -55.51%
• Sector: Consumer Staples
• Industry: Beverages

About: Keurig Dr Pepper was established in 2018 following a merger between Keurig Green Mountain Coffee and Dr Pepper Snapple. The company manufactures and distributes coffee systems (including coffee brewers and single-serve coffee pods) under the Keurig and Green Mountain brands, as well as ready-to-drink beverages including flavored (non-cola) sparkling soft drinks under well-known brands such as Dr Pepper, Snapple, and Canada Dry. The company controls production and route to market for its own brands through in-house manufacturing plants and distribution infrastructure and leverages these facilities to manufacture and distribute for third-party coffee and beverage brands via licensing and partnership agreements. The US and Canada make up 95% of revenue, with the rest from Mexico.

Employees: 28,100

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

81% more call options, than puts

Call options by funds: $188M | Put options by funds: $104M

58% more repeat investments, than reductions

Existing positions increased: 342 | Existing positions reduced: 216

29% more funds holding in top 10

Funds holding in top 10: 7 [Q2] → 9 (+2) [Q3]

11% more capital invested

Capital invested by funds: $32.6B [Q2] → $36.3B (+$3.68B) [Q3]

8% more first-time investments, than exits

New positions opened: 91 | Existing positions closed: 84

1% more funds holding

Funds holding: 715 [Q2] → 722 (+7) [Q3]

0.59% less ownership

Funds ownership: 72.0% [Q2] → 71.4% (-0.59%) [Q3]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $39 20% upside
• Avg. target: $40 25% upside
• High target: $42 30% upside

8 analyst ratings

• positive: 7 88%
• neutral: 1 13%
• negative: 0 0%

Deutsche Bank Steve Powers 63% 1-year accuracy 12 / 19 met price target	20% upside $39	Buy Upgraded	12 Dec 2024
Barclays Lauren Lieberman 46% 1-year accuracy 41 / 90 met price target	20% upside $39	Overweight Maintained	28 Oct 2024
Citigroup Filippo Falorni 38% 1-year accuracy 6 / 16 met price target	24% upside $40	Buy Maintained	25 Oct 2024
RBC Capital Nik Modi 31% 1-year accuracy 11 / 36 met price target	30% upside $42	Outperform Maintained	25 Oct 2024
Jefferies Kaumil Gajrawala 37% 1-year accuracy 7 / 19 met price target	27% upside $41	Buy Maintained	25 Oct 2024