Keurig Dr Pepper (KDP)

• Market cap: $42.9B
• 1 day: -5.15%
• 5 days: -3.65%
• 1 month: -14.25%
• 3 months: -10.39%
• 6 months: -6.36%
• Year to date: -5.12%
• 1 year: -0.72%
• 5 years: 5.46%
• 10 years: -55.25%
• 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. US and Canada make up 95% of revenues, 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

59% more repeat investments, than reductions

Existing positions increased: 337 | Existing positions reduced: 212

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] → $36.2B (+$3.57B) [Q3]

0.8% less ownership

Funds ownership: 72.0% [Q2] → 71.2% (-0.8%) [Q3]

1% less funds holding

Funds holding: 715 [Q2] → 709 (-6) [Q3]

6% less first-time investments, than exits

New positions opened: 89 | Existing positions closed: 95

Research analyst outlook

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

• Low target: $37 17% upside
• Avg. target: $41 28% upside
• High target: $43 36% upside

11 analyst ratings

• positive: 9 82%
• neutral: 2 18%
• negative: 0 0%

Barclays Lauren Lieberman 41% 1-year accuracy 36 / 87 met price target	23% upside $39	Overweight Maintained	28 Oct 2024
Citigroup Filippo Falorni 29% 1-year accuracy 5 / 17 met price target	26% upside $40	Buy Maintained	25 Oct 2024
RBC Capital Nik Modi 40% 1-year accuracy 17 / 42 met price target	33% upside $42	Outperform Maintained	25 Oct 2024
Jefferies Kaumil Gajrawala 40% 1-year accuracy 8 / 20 met price target	30% upside $41	Buy Maintained	25 Oct 2024
JP Morgan Andrea Teixeira 46% 1-year accuracy 26 / 56 met price target	26% upside $40	Overweight Maintained	25 Oct 2024