Keurig Dr Pepper (KDP)

• Market cap: $42.9B
• 1 day: 1.09%
• 5 days: 4.08%
• 1 month: -4.30%
• 3 months: -13.37%
• 6 months: -4.41%
• Year to date: -0.44%
• 1 year: -0.38%
• 5 years: 14.28%
• 10 years: -59.36%
• 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)

75% more call options, than puts

Call options by funds: $188M | Put options by funds: $108M

58% more repeat investments, than reductions

Existing positions increased: 342 | Existing positions reduced: 216

30% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 71

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: $33.1B [Q2] → $36.8B (+$3.75B) [Q3]

1% more funds holding

Funds holding: 715 [Q2] → 723 (+8) [Q3]

0.57% less ownership

Funds ownership: 73.02% [Q2] → 72.45% (-0.57%) [Q3]

Research analyst outlook

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

• Low target: $35 11% upside
• Avg. target: $39 22% upside
• High target: $42 33% upside

10 analyst ratings

• positive: 8 80%
• neutral: 2 20%
• negative: 0 0%

Barclays Lauren Lieberman 36% 1-year accuracy 32 / 88 met price target	14% upside $36	Overweight Maintained	17 Jan 2025
UBS Sean King 50% 1-year accuracy 1 / 2 met price target	17% upside $37	Buy Maintained	16 Jan 2025
TD Cowen Vivien Azer 25% 1-year accuracy 1 / 4 met price target	14% upside $36	Hold Maintained	8 Jan 2025
Wells Fargo Chris Carey 40% 1-year accuracy 17 / 43 met price target	27% upside $40	Overweight Maintained	7 Jan 2025
Piper Sandler Mike Lavery 50% 1-year accuracy 1 / 2 met price target	11% upside $35	Neutral Initiated	7 Jan 2025