Keurig Dr PepperKDP
Market Cap: $50B
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 Q2 SEC filings by fund managers ($100M+ AUM)
51% more call options, than puts
Call options by funds: $179M | Put options by funds: $119M
36% more repeat investments, than reductions
Existing positions increased: 312 | Existing positions reduced: 229
17% more funds holding in top 10
Funds holding in top 10: 6 [Q1] → 7 (+1) [Q2]
10% more capital invested
Capital invested by funds: $29.2B [Q1] → $32.2B (+$3.04B) [Q2]
2.62% more ownership
Funds ownership: 68.53% [Q1] → 71.15% (+2.62%) [Q2]
5% more first-time investments, than exits
New positions opened: 103 | Existing positions closed: 98
1% more funds holding
Funds holding: 707 [Q1] → 712 (+5) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
RBC Capital Nik Modi 58% 1-year accuracy 22 / 38 met price target | 11%upside $41 | Outperform Reiterated | 26 Jul 2024 |
Barclays Lauren Lieberman 65% 1-year accuracy 55 / 85 met price target | 0%upside $37 | Overweight Maintained | 19 Jul 2024 |
JP Morgan Andrea Teixeira 53% 1-year accuracy 32 / 60 met price target | 2%downside $36 | Overweight Maintained | 10 Jul 2024 |
Exane BNP Paribas Kevin Grundy 67% 1-year accuracy 4 / 6 met price target | 2%downside $36 | Neutral Initiated | 24 Jun 2024 |
Truist Securities Bill Chappell 64% 1-year accuracy 16 / 25 met price target | 8%downside $34 | Hold Upgraded | 17 Jun 2024 |
Financial journalist opinion
Based on 7 articles about KDP published over the past 30 days