Keurig Dr Pepper (KDP)
Market Price (12/26/2025): $28.005 | Market Cap: $38.0 BilSector: Consumer Staples | Industry: Soft Drinks & Non-alcoholic Beverages
Keurig Dr Pepper (KDP)
Market Price (12/26/2025): $28.005Market Cap: $38.0 BilSector: Consumer StaplesIndustry: Soft Drinks & Non-alcoholic Beverages
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.8% | Weak multi-year price returns2Y Excs Rtn is -56%, 3Y Excs Rtn is -98% | Key risksKDP key risks include [1] significant financial leverage and potential distress following its JDE Peet's acquisition and planned business split, Show more. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 21% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, CFO LTM is 2.1 Bil | ||
| Low stock price volatilityVol 12M is 26% | ||
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, E-commerce & DTC Adoption, and Vegan & Alternative Foods. Themes include Functional Foods & Beverages, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.8% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 21% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, CFO LTM is 2.1 Bil |
| Low stock price volatilityVol 12M is 26% |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, E-commerce & DTC Adoption, and Vegan & Alternative Foods. Themes include Functional Foods & Beverages, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -56%, 3Y Excs Rtn is -98% |
| Key risksKDP key risks include [1] significant financial leverage and potential distress following its JDE Peet's acquisition and planned business split, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
I am unable to provide the requested information. The specified time period of August 31, 2025, to December 26, 2025, is in the future, and I do not have access to future market data or news events. Show moreStock Movement Drivers
Fundamental Drivers
The 9.7% change in KDP stock from 9/25/2025 to 12/25/2025 was primarily driven by a 6.5% change in the company's P/E Multiple.| 9252025 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 25.52 | 28.00 | 9.72% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 15759.00 | 16174.00 | 2.63% |
| Net Income Margin (%) | 9.75% | 9.78% | 0.35% |
| P/E Multiple | 22.57 | 24.04 | 6.54% |
| Shares Outstanding (Mil) | 1358.30 | 1358.50 | -0.01% |
| Cumulative Contribution | 9.72% |
Market Drivers
9/25/2025 to 12/25/2025| Return | Correlation | |
|---|---|---|
| KDP | 9.7% | |
| Market (SPY) | 4.9% | 11.3% |
| Sector (XLP) | 0.5% | 35.3% |
Fundamental Drivers
The -13.9% change in KDP stock from 6/26/2025 to 12/25/2025 was primarily driven by a -18.1% change in the company's P/E Multiple.| 6262025 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 32.52 | 28.00 | -13.89% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 15518.00 | 16174.00 | 4.23% |
| Net Income Margin (%) | 9.69% | 9.78% | 0.92% |
| P/E Multiple | 29.34 | 24.04 | -18.05% |
| Shares Outstanding (Mil) | 1357.10 | 1358.50 | -0.10% |
| Cumulative Contribution | -13.89% |
Market Drivers
6/26/2025 to 12/25/2025| Return | Correlation | |
|---|---|---|
| KDP | -13.9% | |
| Market (SPY) | 13.1% | 6.6% |
| Sector (XLP) | -1.9% | 49.7% |
Fundamental Drivers
The -11.1% change in KDP stock from 12/25/2024 to 12/25/2025 was primarily driven by a -35.0% change in the company's Net Income Margin (%).| 12252024 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 31.49 | 28.00 | -11.09% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 15148.00 | 16174.00 | 6.77% |
| Net Income Margin (%) | 15.04% | 9.78% | -34.96% |
| P/E Multiple | 18.75 | 24.04 | 28.24% |
| Shares Outstanding (Mil) | 1356.20 | 1358.50 | -0.17% |
| Cumulative Contribution | -11.09% |
Market Drivers
12/25/2024 to 12/25/2025| Return | Correlation | |
|---|---|---|
| KDP | -11.1% | |
| Market (SPY) | 15.8% | 14.5% |
| Sector (XLP) | 0.2% | 55.7% |
Fundamental Drivers
The -16.5% change in KDP stock from 12/26/2022 to 12/25/2025 was primarily driven by a -26.9% change in the company's Net Income Margin (%).| 12262022 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 33.55 | 28.00 | -16.55% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 13645.00 | 16174.00 | 18.53% |
| Net Income Margin (%) | 13.38% | 9.78% | -26.91% |
| P/E Multiple | 26.02 | 24.04 | -7.59% |
| Shares Outstanding (Mil) | 1416.10 | 1358.50 | 4.07% |
| Cumulative Contribution | -16.68% |
Market Drivers
12/26/2023 to 12/25/2025| Return | Correlation | |
|---|---|---|
| KDP | -10.4% | |
| Market (SPY) | 48.3% | 12.4% |
| Sector (XLP) | 14.4% | 51.3% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KDP Return | 13% | 17% | -1% | -4% | -1% | -10% | 11% |
| Peers Return | 20% | 14% | 6% | -3% | -4% | 10% | 48% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 115% |
Monthly Win Rates [3] | |||||||
| KDP Win Rate | 50% | 50% | 42% | 42% | 50% | 50% | |
| Peers Win Rate | 60% | 57% | 55% | 53% | 48% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| KDP Max Drawdown | -32% | -4% | -6% | -20% | -13% | -19% | |
| Peers Max Drawdown | -24% | -10% | -18% | -14% | -14% | -11% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: KO, PEP, SBUX, MNST, SJM. See KDP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)
How Low Can It Go
| Event | KDP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -30.4% | -25.4% |
| % Gain to Breakeven | 43.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -33.6% | -33.9% |
| % Gain to Breakeven | 50.5% | 51.3% |
| Time to Breakeven | 122 days | 148 days |
| 2018 Correction | ||
| % Loss | -13.6% | -19.8% |
| % Gain to Breakeven | 15.7% | 24.7% |
| Time to Breakeven | 129 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -55.1% | -56.8% |
| % Gain to Breakeven | 122.9% | 131.3% |
| Time to Breakeven | 164 days | 1,480 days |
Compare to KO, PEP, MDLZ, KHC, STZ
In The Past
Keurig Dr Pepper's stock fell -30.4% during the 2022 Inflation Shock from a high on 8/16/2022. A -30.4% loss requires a 43.7% gain to breakeven.
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AI Analysis | Feedback
Here are a couple of brief analogies to describe Keurig Dr Pepper:
- It's like a diversified beverage company, similar to a smaller Coca-Cola or PepsiCo, but also a dominant player in proprietary single-serve coffee systems like Nespresso.
- Think of it as Coca-Cola for soft drinks and juices, combined with Nespresso for home coffee machines and pods.
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- Keurig Brewers: Single-serve coffee, tea, and hot cocoa makers designed for convenient preparation at home and in offices.
- K-Cup Pods: Pre-portioned, sealed beverage pods containing coffee, tea, hot cocoa, and other drinks for use with Keurig brewing systems.
- Dr Pepper: A distinctive carbonated soft drink celebrated for its unique blend of 23 flavors.
- Canada Dry: A popular brand known for its ginger ale, club soda, and tonic water.
- Snapple: A line of ready-to-drink iced teas and fruit-flavored beverages.
- A&W: A classic brand famous for its root beer and cream soda.
- Sunkist: A well-known brand of fruit-flavored carbonated soft drinks, primarily orange soda.
- Mott's: A prominent brand offering apple juice, applesauce, and other fruit products.
AI Analysis | Feedback
Keurig Dr Pepper (KDP) primarily operates on a business-to-business (B2B) model, selling its wide range of beverages and Keurig brewing systems to other companies that then distribute or sell them to individual consumers. Its major customers are the retail chains, foodservice providers, and e-commerce platforms that carry its products.
Key categories of these customer companies include:
- Mass Merchandisers and Supermarket Chains: Large retailers that stock KDP's packaged beverages, K-Cup pods, and Keurig brewers for at-home consumption.
- Convenience Stores and Drug Stores: Retailers focused on immediate consumption and smaller format shopping.
- Foodservice and On-Premise Accounts: Businesses that serve KDP products in settings like restaurants, offices, and universities.
- E-commerce Platforms: Online marketplaces where consumers can purchase KDP products directly.
While Keurig Dr Pepper typically does not disclose individual customers representing a significant portion of its revenue, the following are prominent examples of companies across these categories that would be major customers:
- Walmart Inc. (WMT)
- The Kroger Co. (KR)
- Target Corporation (TGT)
- Amazon.com, Inc. (AMZN)
- Costco Wholesale Corporation (COST)
- CVS Health Corporation (CVS)
- 7-Eleven, Inc. (parent company: Seven & i Holdings Co., Ltd., 3382.T)
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- Archer-Daniels-Midland Company (ADM)
- Ingredion Incorporated (INGR)
- Ball Corporation (BLL)
- Ardagh Metal Packaging S.A. (AMBP)
- Crown Holdings, Inc. (CCK)
- Eastman Chemical Company (EMN)
- International Paper Company (IP)
- WestRock Company (WRK)
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Tim Cofer, Chief Executive OfficerTim Cofer was appointed CEO of Keurig Dr Pepper in April 2024. Before this role, he served as CEO of Central Garden & Pet, where he achieved double-digit growth through strategic acquisitions. He also spent over 25 years with Mondelēz International and its predecessor company, Kraft Foods, holding senior executive positions such as President of their European and Asia-Pacific divisions and overseeing the global integration of Kraft and Cadbury.
Sudhanshu Priyadarshi, Chief Financial Officer and President, InternationalSudhanshu Priyadarshi joined Keurig Dr Pepper in November 2022 as CFO and President, International. He leads the Finance, Information Technology, and International Business Segment organizations. His career spans more than 25 years in leadership roles across the food and beverage, retail, pharmaceutical, and logistics industries. Prior to KDP, he was CFO of Vista Outdoor Inc. and Flexport. He held various leadership positions at Walmart, including Vice President of Finance for U.S. e-commerce and Vice President of Finance and Strategy for the General Merchandise and Softline division. He spent 14 years at PepsiCo in financial and corporate strategy roles, including CFO of Global R&D and PepsiCo Global Nutrition Platforms. He also served as Global Chief Operating Officer at Cipla, a global pharmaceutical company, where he successfully executed over 20 merger and acquisition transactions.
Robert Gamgort, Executive ChairmanRobert Gamgort serves as Executive Chairman of Keurig Dr Pepper, a position he assumed in April 2024, after serving as CEO from the company's formation in 2018. He was previously CEO of Keurig Green Mountain following its acquisition by JAB Holding Company in 2016. Before joining Keurig Green Mountain, he was CEO of Pinnacle Foods since 2009, a company that was owned by The Blackstone Group. His career also includes roles as President of Mars' North American portfolio of businesses and President of Major League Baseball Properties, beginning his career in marketing at General Foods/Kraft Foods. His background demonstrates a pattern of managing companies backed by private equity firms, specifically Pinnacle Foods (Blackstone Group) and Keurig Green Mountain (JAB Holding Company).
Monique Oxender, Chief Corporate Affairs Officer and Chief Sustainability OfficerMonique Oxender leads Keurig Dr Pepper's corporate responsibility, government affairs, corporate communications, and internal communications initiatives. She joined Keurig in 2012 and has developed an integrated approach to sustainability management. Prior to KDP, she spent eight years at Ford Motor Company, where she designed and managed a leading supply chain sustainability program that spanned Ford's $65 billion purchases from 60 countries. She holds an MBA and an MS from the University of Michigan.
Drew Panayiotou, Chief Marketing OfficerDrew Panayiotou joined Keurig Dr Pepper in November 2024 as Chief Marketing Officer. He is recognized among Forbes Most Influential CMOs for 2024. His extensive marketing career includes leadership roles with prominent brands such as Pfizer, Google Life Sciences, Swire Coca-Cola, Disney, The Coca-Cola Company, and Hershey. He is also a board member for The Ad Council and ANA.
AI Analysis | Feedback
Keurig Dr Pepper (KDP) faces several key business risks, primarily centered around its financial health, margin pressures, and competitive market dynamics.The most significant risk to Keurig Dr Pepper is its **financial leverage and liquidity position**, exacerbated by recent strategic maneuvers. The company maintains a debt-reliant capital structure, and an anticipated increase in debt due to the acquisition of JDE Peet's for nearly $18 billion, followed by a plan to split the business into two distinct companies, has put pressure on its credit rating. S&P estimated this would push pro forma leverage into the mid-to-high-5x range, potentially leading to a one-notch downgrade to a 'BBB-' long-term issuer credit rating. Furthermore, analyses indicate potential liquidity constraints, with a current ratio and quick ratio suggesting concerns, and an Altman Z-Score in the distress zone, signaling a possibility of financial distress in the near future. The company's lower cash flow ratios and high inventory carrying costs also weigh down its financial risk profile.
Another key risk is **margin pressure driven by inflationary trends and commodity price volatility**. KDP has experienced slipping margins over successive quarters, a degree not typically seen in the market, making how margins evolve over the next 12–24 months a critical concern. Inflationary pressures have been noted as offsetting factors to operating income growth and impacting overall operating performance. The company's cost structure is vulnerable to price volatility in raw materials, such as green coffee and aluminum, which directly impacts its profitability.
Finally, Keurig Dr Pepper faces **intense competition and challenges within its coffee business, including the integration of new acquisitions**. The beverage industry is highly competitive, with strong multinational players posing a constant threat to KDP's market share. Specifically, the company is experiencing pressure in its coffee business, with US Coffee showing only meager net sales growth and a decline in volume. This is occurring even as its refreshment beverages segment performs strongly. The integration of the JDE Peet's acquisition presents additional complexities and potential challenges, including the realization of expected benefits and synergies, and the possibility of higher-than-anticipated transaction costs.
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Rapidly growing consumer demand for genuinely sustainable and zero-waste at-home coffee solutions, threatening the long-term viability and market share of Keurig's single-serve plastic K-Cup system. This includes the potential for widespread adoption of truly compostable pods, innovative reusable coffee systems, or more user-friendly bean-to-cup machines that offer a superior environmental footprint without sacrificing convenience or taste.
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Keurig Dr Pepper (KDP) operates in several significant beverage markets, primarily across North America. The addressable market sizes for their main products and services are as follows:
- Coffee (U.S.): The U.S. coffee market size was valued at approximately USD 108 billion in 2024. It is anticipated to increase from USD 112.86 billion in 2025 to nearly USD 167.72 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 4.5% from 2025 to 2034. Keurig Dr Pepper is a leading player in the at-home coffee sector and holds the #1 position in single-serve coffee brewing systems in the U.S. and Canada. The single-serve coffee container market in the USA is projected to grow from USD 900.9 million in 2025 to USD 1,805.6 million by 2035.
- Soft Drinks (U.S.): The U.S. soft drinks market, which includes carbonated drinks, packaged water, fruit beverages, iced/ready-to-drink tea, energy drinks, and sports drinks, was valued at USD 289.45 billion in 2024. This market is projected to grow at a CAGR of 4.10% during the forecast period of 2025-2034 to reach approximately USD 432.59 billion by 2034.
- Carbonated Soft Drinks (North America): The North America Carbonated Soft Drinks Market size is forecast to reach USD 108.58 billion by 2030, at a CAGR of 3.80% during the forecast period of 2024-2030.
- Bottled Water (U.S.): The U.S. bottled water market was estimated at USD 47.42 billion in 2024 and is projected to grow at a CAGR of 5.7% from 2025 to 2030. Another source values the U.S. bottled water industry at US$ 45.82 billion in 2024, anticipating growth to US$ 79.08 billion in 2033 with a CAGR of 6.27% from 2025 to 2033. For North America, the bottled water market is expected to reach USD 83.29 billion in 2025 and is projected to grow to USD 105.46 billion by 2030.
- Juice (U.S.): The U.S. 100% juice market generated a revenue of USD 9,904.6 million in 2024 and is expected to reach USD 15,077.1 million by 2030, with a CAGR of 7.2% from 2025 to 2030. The broader Juice Production market in the US was valued at $14.3 billion in 2024 and $14.5 billion in 2025. The North America fruit juice market size was valued at USD 41.30 billion in 2024.
- Ready-to-Drink (RTD) Tea (U.S.): The U.S. Ready-to-Drink Tea Market size is estimated at USD 13.14 billion in 2025 and is expected to reach USD 16.28 billion by 2030, growing at a CAGR of 4.38% during this period. The United States iced/RTD tea drinks market reached nearly USD 12.11 billion in 2024 and is projected to grow at a CAGR of 4.20% during 2025-2034 to reach around USD 18.27 billion by 2034. The North America Ready to Drink (RTD) Tea market is valued at USD 13.84 billion.
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Keurig Dr Pepper (KDP) is positioned for future revenue growth over the next 2-3 years, driven by several strategic initiatives and market dynamics. Here are 4 expected drivers of future revenue growth for Keurig Dr Pepper:- Strategic Pricing and Volume/Mix Growth: Keurig Dr Pepper consistently leverages favorable net price realization and increased volume across its product portfolio to drive sales. The company's Q3 2025 results showed net sales growth driven by a 6.5% increase in volume mix and a 4.2% rise in net pricing. Similarly, Q1 2025 saw constant currency net sales advance 6.4%, fueled by 3.6% volume/mix growth and 2.8% favorable net price realization. Management anticipates that pricing and productivity will continue to build in the coming quarters.
- Expansion in High-Growth Categories through Innovation and Partnerships: KDP is actively pursuing growth in fast-expanding beverage categories, particularly energy drinks. The acquisition of GHOST has significantly contributed to volume/mix growth in the U.S. Refreshment Beverages segment, adding 7.2 percentage points in Q3 2025 and 2.9 percentage points in Q1 2025. The company aims to achieve a double-digit share in the energy segment through a multi-brand approach, including brands like C4 and new partnerships. Additionally, product innovation, such as new flavor launches like Dr Pepper Blackberry and 7UP Tropical, continues to drive market share gains.
- Strengthening the Coffee Business through Acquisition and Innovation: KDP is enhancing its coffee segment, notably through the significant acquisition of Dutch coffee maker JDE Peet's for nearly $18 billion. This acquisition is expected to unlock global opportunities and bolster its position in the coffee market. To support this, $4 billion in investment from Apollo and KKR will be directed towards a K-Cup manufacturing joint venture. The company is also investing in long-term growth initiatives for U.S. Coffee, including in-home consumer testing of new brewing systems.
- Organizational Restructuring with Business Separation: Keurig Dr Pepper plans to split into two independent, U.S.-listed companies—Beverage Co. and Global Coffee Co.—by the end of 2026. This strategic separation is designed to enable each entity to pursue growth and efficiency tailored to its specific market, potentially leading to greater returns and focused growth opportunities.
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Share Repurchases
- Keurig Dr Pepper authorized a new $4 billion share repurchase program on October 1, 2021, effective from January 1, 2022, to December 31, 2025.
- Approximately $1.8 billion of the $4 billion authorization remained outstanding after a repurchase in February 2024.
- The company repurchased approximately $379 million in 2022, $706 million in 2023, and $1.11 billion in 2024.
Share Issuance
- On October 27, 2025, Keurig Dr Pepper issued $3 billion in convertible preferred stock as part of a strategic investment package with KKR and Apollo.
Inbound Investments
- Keurig Dr Pepper secured a $7 billion strategic investment on October 27, 2025, co-led by Apollo Global Management and KKR, with participation from Goldman Sachs Alternatives.
- This investment includes a $4 billion commitment for a newly formed K-Cup pod and other single-serve manufacturing joint venture, with KDP retaining a controlling interest.
- The remaining $3 billion is a convertible preferred stock investment in KDP and the eventual Beverage Co.
Outbound Investments
- On August 25, 2025, KDP announced an all-cash agreement to acquire JDE Peet's for approximately €15.7 billion (around $18.4 billion).
- In April 2025, KDP purchased a 60% stake in Ghost for $990 million in cash, with an agreement to acquire the remaining 40% in 2028.
Capital Expenditures
- Capital expenditures were $461 million in 2020, $423 million in 2021, $353 million in 2022, $425 million in 2023, and $563 million in 2024.
- The latest twelve months capital expenditures for Keurig Dr Pepper were $516 million.
- In 2024, KDP's capital expenditures to sales ratio was 3.7%, which was lower than its peers.
Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| Keurig Dr Pepper Earnings Notes | ||
| Keurig Dr Pepper Earnings Notes | ||
| Keurig Dr Pepper Stock at Support Zone - Bargain or Trap? | Actionable | |
| Day 5 of Gains Streak for Keurig Dr Pepper Stock with 8.6% Return (vs. -10% YTD) [10/17/2025] | Notification | |
| Would You Still Hold Keurig Dr Pepper Stock If It Fell Another 30%? | Return | |
| Time To Buy Keurig Dr Pepper Stock? | Buy or Fear | |
| Is The 21.5% Decline In Keurig Dr Pepper (KDP) Stock A Dip Buying Opportunity? | Actionable | |
| Keurig Dr Pepper vs Duke Energy: Which Is A Better Investment? | Counter-Intuitive Comparisons | |
| Keurig Dr Pepper vs Cal-Maine Foods: Which Is A Better Investment? | Counter-Intuitive Comparisons | |
| How Does Keurig Dr Pepper Stock Stack Up Against Its Peers? | Peer Comparison |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to KDP. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BF-B | Brown-Forman | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -6.5% | -6.5% | -7.4% |
| 11302025 | CPB | Campbell's | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -8.1% | -8.1% | -9.2% |
| 11212025 | ENR | Energizer | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 13.2% | 13.2% | -5.3% |
| 11212025 | FLO | Flowers Foods | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 5.2% | 5.2% | -1.6% |
| 11142025 | CLX | Clorox | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.3% | -5.3% | -6.0% |
| 12312018 | KDP | Keurig Dr Pepper | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 16.3% | 15.4% | -1.8% |
Research & Analysis
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Peer Comparisons for Keurig Dr Pepper
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 81.00 |
| Mkt Cap | 85.9 |
| Rev LTM | 26,679 |
| Op Inc LTM | 3,528 |
| FCF LTM | 2,193 |
| FCF 3Y Avg | 2,394 |
| CFO LTM | 3,464 |
| CFO 3Y Avg | 3,753 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.8% |
| Rev Chg 3Y Avg | 4.5% |
| Rev Chg Q | 5.3% |
| QoQ Delta Rev Chg LTM | 1.3% |
| Op Mgn LTM | 18.3% |
| Op Mgn 3Y Avg | 19.2% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 13.0% |
| CFO/Rev 3Y Avg | 15.1% |
| FCF/Rev LTM | 8.6% |
| FCF/Rev 3Y Avg | 9.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 85.9 |
| P/S | 2.5 |
| P/EBIT | 18.4 |
| P/E | 25.6 |
| P/CFO | 19.1 |
| Total Yield | 5.3% |
| Dividend Yield | 2.8% |
| FCF Yield 3Y Avg | 3.0% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.9% |
| 3M Rtn | 5.4% |
| 6M Rtn | 3.8% |
| 12M Rtn | -2.8% |
| 3Y Rtn | -10.2% |
| 1M Excs Rtn | -2.8% |
| 3M Excs Rtn | 0.4% |
| 6M Excs Rtn | -9.0% |
| 12M Excs Rtn | -18.6% |
| 3Y Excs Rtn | -91.6% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| US Refreshment Beverages | 8,821 | ||||
| US Coffee | 4,071 | ||||
| International | 1,922 | ||||
| Beverage Concentrates | 1,486 | 1,325 | 1,414 | ||
| Coffee Systems | 4,716 | 4,433 | 4,233 | ||
| Latin America Beverages | 599 | 497 | 528 | ||
| Packaged Beverages | 5,882 | 5,363 | 4,945 | ||
| Total | 14,814 | 12,683 | 11,618 | 11,120 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| US Refreshment Beverages | 2,483 | ||||
| US Coffee | 1,158 | ||||
| International | 475 | ||||
| Unallocated corporate costs | -924 | -755 | -647 | -638 | |
| Beverage Concentrates | 1,047 | 932 | 955 | ||
| Coffee Systems | 1,446 | 1,268 | 1,219 | ||
| Latin America Beverages | 133 | 105 | 85 | ||
| Packaged Beverages | 1,023 | 822 | 757 | ||
| Total | 3,192 | 2,894 | 2,480 | 2,378 |
Price Behavior
| Market Price | $28.00 | |
| Market Cap ($ Bil) | 38.0 | |
| First Trading Date | 05/07/2008 | |
| Distance from 52W High | -20.3% | |
| 50 Days | 200 Days | |
| DMA Price | $27.74 | $30.79 |
| DMA Trend | down | up |
| Distance from DMA | 0.9% | -9.1% |
| 3M | 1YR | |
| Volatility | 27.5% | 26.6% |
| Downside Capture | -26.34 | 12.27 |
| Upside Capture | 23.02 | -1.17 |
| Correlation (SPY) | 12.5% | 14.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.03 | 0.19 | 0.13 | 0.15 | 0.19 | 0.22 |
| Up Beta | 0.34 | 2.00 | 2.11 | 1.21 | 0.35 | 0.33 |
| Down Beta | 0.05 | 0.12 | -0.11 | -0.19 | 0.24 | 0.26 |
| Up Capture | -14% | 7% | -34% | -23% | -4% | 1% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 10 | 24 | 31 | 61 | 120 | 371 |
| Down Capture | -15% | -59% | -29% | 24% | 9% | 38% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 9 | 17 | 31 | 62 | 126 | 368 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of KDP With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| KDP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -11.0% | 0.7% | 19.2% | 71.9% | 8.9% | 6.0% | -10.1% |
| Annualized Volatility | 26.4% | 13.9% | 19.5% | 19.3% | 15.3% | 17.1% | 35.0% |
| Sharpe Ratio | -0.46 | -0.19 | 0.78 | 2.69 | 0.36 | 0.18 | -0.12 |
| Correlation With Other Assets | 55.7% | 14.5% | 1.1% | 0.1% | 33.8% | 9.7% | |
ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of KDP With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| KDP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 0.6% | 5.8% | 14.9% | 18.7% | 11.7% | 4.8% | 32.7% |
| Annualized Volatility | 20.4% | 13.0% | 17.1% | 15.5% | 18.7% | 18.9% | 48.7% |
| Sharpe Ratio | -0.03 | 0.24 | 0.70 | 0.97 | 0.51 | 0.17 | 0.60 |
| Correlation With Other Assets | 58.3% | 29.1% | 3.7% | 2.9% | 36.0% | 9.7% | |
ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of KDP With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| KDP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 8.8% | 7.1% | 14.7% | 14.9% | 6.9% | 5.2% | 69.3% |
| Annualized Volatility | 23.6% | 14.7% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.36 | 0.36 | 0.70 | 0.83 | 0.31 | 0.22 | 0.90 |
| Correlation With Other Assets | 45.8% | 34.1% | 0.8% | 9.7% | 36.9% | 9.9% | |
ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/27/2025 | 7.6% | 0.0% | 0.7% |
| 7/24/2025 | 0.2% | 1.0% | 5.1% |
| 2/25/2025 | 2.4% | 0.0% | -0.8% |
| 10/24/2024 | -4.8% | -10.1% | -12.2% |
| 7/25/2024 | 1.3% | 4.6% | 8.8% |
| 2/22/2024 | -3.9% | -5.0% | -6.4% |
| 10/26/2023 | 1.4% | 4.7% | 12.1% |
| 7/27/2023 | 3.7% | 5.9% | 2.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 10 |
| # Negative | 9 | 8 | 9 |
| Median Positive | 3.1% | 4.6% | 6.0% |
| Median Negative | -1.9% | -4.3% | -4.3% |
| Max Positive | 7.6% | 5.9% | 12.1% |
| Max Negative | -4.8% | -10.1% | -13.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10282025 | 10-Q 9/30/2025 |
| 6302025 | 7242025 | 10-Q 6/30/2025 |
| 3312025 | 4242025 | 10-Q 3/31/2025 |
| 12312024 | 2252025 | 10-K 12/31/2024 |
| 9302024 | 10242024 | 10-Q 9/30/2024 |
| 6302024 | 7252024 | 10-Q 6/30/2024 |
| 3312024 | 4252024 | 10-Q 3/31/2024 |
| 12312023 | 2222024 | 10-K 12/31/2023 |
| 9302023 | 10262023 | 10-Q 9/30/2023 |
| 6302023 | 7272023 | 10-Q 6/30/2023 |
| 3312023 | 4272023 | 10-Q 3/31/2023 |
| 12312022 | 2232023 | 10-K 12/31/2022 |
| 9302022 | 10272022 | 10-Q 9/30/2022 |
| 6302022 | 7282022 | 10-Q 6/30/2022 |
| 3312022 | 4282022 | 10-Q 3/31/2022 |
| 12312021 | 2242022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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