Consumer Defensive · Beverages - Non-Alcoholic
Price
$33.40
Market Cap
$45.4B
Employees
29,000
Beta
0.42
Avg Volume
11,949,930
CEO
Timothy Cofer
Business Description
Keurig Dr Pepper Inc. is a prominent beverage firm with operations spanning both the United States and global markets. The company structures its business across four primary divisions: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. Its Coffee Systems division is responsible for the production and distribution of an array of finished products linked to its coffee brewing systems, including K-Cup single-serve pods, brewing machines, and specialized coffee blends. Brewers are offered for sale via external distributors, various retail outlets, and directly through its official website, keurig.com. The Packaged Beverages segment focuses on manufacturing and distributing its proprietary packaged drink labels. It also undertakes contract manufacturing for a diverse range of private label and up-and-coming beverage brands, in addition to handling distribution for its partner brands' packaged offerings. The Beverage Concentrates division produces and markets liquid concentrates for a wide portfolio of well-known brands such as Dr Pepper, Canada Dry, A&W, 7UP, Sunkist, Squirt, Big Red, RC Cola, Vernors, Snapple, Mott's, Bai, Hawaiian Punch, Clamato, Yoo-Hoo, Core, ReaLemon, evian, Vita Coco, and Mr and Mrs T mixers; this segment also processes these concentrates into syrup form. In Latin America, the Beverages segment handles the production and distribution of sparkling mineral water, flavored carbonated soft drinks, purified bottled water, and vegetable juice products, marketed under brand names like Peñafiel, Clamato, Squirt, Dr Pepper, Crush, and Aguafiel. Its extensive client base includes retailers, bottling and distribution networks, restaurants, hotel groups, office coffee service providers, and individual consumers. Established in 1981, Keurig Dr Pepper Inc. maintains its corporate headquarters in Burlington, Massachusetts.
Business History
Price Overview
Last updated: Jun 27, 2026 10:04am (just now)$33.40
+0.88 (+2.71%)
Day Range
$32.63 – $33.66
52-Week Range
$24.88 – $35.94
50-Day MA
$29.61
200-Day MA
$28.03
Volume
53,646,669.00
Analyst Price Targets
Low
$28.00
Consensus
$32.50
High
$38.00
(37 analysts)
Share Structure
Outstanding
1,360,559,471.00
Float
1,354,300,897.00
Free Float
99.5%
High free float
— 99.5% of shares trade freely, ~0.5% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
24.78
Stock Price: $33.40
EPS (Diluted): 1.53
EPS (Diluted): 1.53
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.49
Stock Price: $33.40
Total Equity: $25.52B
Shares: 1,362,800,000
Total Equity: $25.52B
Shares: 1,362,800,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
17.35
Market Cap: $45.44B
Total Debt: $16.14B
Cash: $1.03B
EBITDA: $4.19B
Total Debt: $16.14B
Cash: $1.03B
EBITDA: $4.19B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$53.2B
Market Cap: $45.44B
Total Debt: $16.14B
Cash: $1.03B
Total Debt: $16.14B
Cash: $1.03B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
54.2%
Gross Profit: $9.00B
Revenue: $16.60B
Revenue: $16.60B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
22.0%
Operating Income: $3.65B
Revenue: $16.60B
Revenue: $16.60B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
12.5%
Net Income: $2.08B
Revenue: $16.60B
Revenue: $16.60B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
7.2%
Net Income: $2.08B
Total Equity: $25.52B
Total Equity: $25.52B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
4.1%
Operating Income: $3.65B
Tax Rate: 22.6%
Equity: $25.52B
Total Debt: $16.14B
Cash: $1.03B
Tax Rate: 22.6%
Equity: $25.52B
Total Debt: $16.14B
Cash: $1.03B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.64
Current Assets: $5.27B
Current Liabilities: $8.29B
Current Liabilities: $8.29B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.63
Short-Term Debt: $3.11B
Long-Term Debt: $13.04B
Total Debt: $16.14B
Total Equity: $25.52B
Long-Term Debt: $13.04B
Total Debt: $16.14B
Total Equity: $25.52B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$12.18
Revenue: $16.60B
Shares: 1,362,800,000
Shares: 1,362,800,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$18.72
Total Equity: $25.52B
Shares: 1,362,800,000
Shares: 1,362,800,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$1.10
Operating CF: $1.99B
CapEx: -$486.00M
Shares: 1,362,800,000
CapEx: -$486.00M
Shares: 1,362,800,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
3.3%
Last Dividend: N/A
Stock Price: $33.40
Stock Price: $33.40
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $2.08B
Net Income: $2.08B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares KDP against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 3:03am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $12.7B | $14.1B | $14.8B | $15.4B | $16.6B |
| Cost of Revenue | $5.7B | $6.7B | $6.7B | $6.8B | $7.6B |
| Gross Profit | $7.0B | $7.3B | $8.1B | $8.5B | $9.0B |
| Operating Expenses | $4.1B | $4.5B | $4.9B | $5.2B | $5.3B |
| Operating Income | $2.9B | $2.8B | $3.2B | $3.3B | $3.7B |
| Net Income | $2.1B | $1.4B | $2.2B | $1.4B | $2.1B |
| EBITDA | $4.0B | $3.1B | $4.0B | $3.4B | $4.2B |
| EPS | $1.52 | $1.01 | $1.56 | $1.06 | $1.53 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $567.0M | $535.0M | $267.0M | $510.0M | $1.0B |
| Total Current Assets | $3.1B | $3.8B | $3.4B | $4.0B | $5.3B |
| Total Assets | $50.6B | $51.8B | $52.1B | $53.4B | $55.5B |
| Current Liabilities | $6.5B | $8.1B | $8.9B | $8.1B | $8.3B |
| Long-Term Debt | $11.6B | $11.1B | $9.9B | $12.9B | $13.0B |
| Total Liabilities | $25.6B | $26.7B | $26.5B | $29.2B | $29.9B |
| Total Equity | $25.0B | $25.1B | $25.7B | $24.2B | $25.5B |
| Retained Earnings | $3.2B | $3.5B | $4.6B | $4.8B | $5.6B |
Cash Flow (Annual)
Last updated: Jun 24, 2026 3:03am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $2.9B | $2.8B | $1.3B | $2.2B | $2.0B |
| Capital Expenditure | -$455.0M | -$379.0M | -$481.0M | -$563.0M | -$486.0M |
| Free Cash Flow | $2.4B | $2.5B | $848.0M | $1.7B | $1.5B |
| Acquisitions (net) | $578.0M | -$912.0M | -$316.0M | -$1.0B | -$149.0M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$379.0M | -$706.0M | -$1.1B | -$9.0M |
| Net Change in Cash | $313.0M | -$33.0M | -$268.0M | $341.0M | $454.0M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 9:36pm (12h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$29.8B $29.5B – $30.2B
|
$30.7B $30.7B – $30.7B
|
$32.1B $31.7B – $32.4B
|
$33.3B $32.8B – $33.6B
|
| EBITDA |
$7.6B $7.5B – $7.7B
|
$7.9B $7.9B – $7.9B
|
$8.2B $8.1B – $8.3B
|
$8.5B $8.4B – $8.6B
|
| Net Income |
$3.4B $3.4B – $3.5B
|
$3.6B $3.2B – $4.4B
|
$4.0B $3.9B – $4.0B
|
$4.3B $4.2B – $4.3B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 24, 2026 3:03am (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +10.8% | +5.4% | +3.6% | +8.2% |
| Gross Profit Growth | +5.0% | +10.3% | +5.6% | +5.5% |
| Operating Income Growth | -3.8% | +14.8% | +3.6% | +10.4% |
| Net Income Growth | -33.1% | +51.9% | -33.9% | +44.3% |
| EBITDA Growth | -22.1% | +27.3% | -14.9% | +24.0% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-01 | Stephens Angela A. | M-Exempt | 2,950.00 | $0.00 | $0 |
| 2026-06-01 | Stephens Angela A. | F-InKind | 1,161.00 | $30.20 | $35,062 |
| 2026-06-01 | Stephens Angela A. | M-Exempt | 2,950.00 | $0.00 | $0 |
| 2026-05-20 | Cofer Timothy P. | M-Exempt | 88,106.00 | $0.00 | $0 |
| 2026-05-20 | Cofer Timothy P. | M-Exempt | 88,106.00 | $0.00 | $0 |
| 2026-05-20 | Cofer Timothy P. | F-InKind | 34,670.00 | $28.69 | $994,682 |
| 2026-04-27 | OLIVEIRA RAFAEL | A-Award | 177,620.00 | $0.00 | $0 |
| 2026-04-01 | OLIVEIRA RAFAEL | 0.00 | $0.00 | $0 | |
| 2026-03-05 | Stephens Angela A. | M-Exempt | 2,394.00 | $0.00 | $0 |
| 2026-03-05 | Stephens Angela A. | F-InKind | 900.00 | $28.05 | $25,245 |
| 2026-03-04 | Stephens Angela A. | A-Award | 11,041.00 | $0.00 | $0 |
| 2026-03-05 | Stephens Angela A. | M-Exempt | 2,394.00 | $0.00 | $0 |
| 2026-03-04 | Lemire Olivier | A-Award | 48,494.00 | $0.00 | $0 |
| 2026-03-05 | Lemire Olivier | M-Exempt | 2,394.00 | $0.00 | $0 |
| 2026-03-05 | Lemire Olivier | F-InKind | 1,239.00 | $28.05 | $34,754 |
| 2026-03-04 | Lemire Olivier | A-Award | 18,185.00 | $0.00 | $0 |
| 2026-03-05 | Lemire Olivier | M-Exempt | 2,394.00 | $0.00 | $0 |
| 2026-03-04 | Gorli Eric | A-Award | 103,915.00 | $0.00 | $0 |
| 2026-03-05 | Gorli Eric | M-Exempt | 6,757.00 | $0.00 | $0 |
| 2026-03-05 | Gorli Eric | F-InKind | 2,659.00 | $28.05 | $74,585 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-26 | $0.23 | 2026-05-20 | 2026-06-26 | 2026-07-10 |
| 2026-03-27 | $0.23 | 2026-02-03 | 2026-03-27 | 2026-04-10 |
| 2026-01-02 | $0.23 | 2025-12-09 | 2026-01-02 | 2026-01-16 |
| 2025-09-26 | $0.23 | 2025-09-16 | 2025-09-26 | 2025-10-10 |
| 2025-06-27 | $0.23 | 2025-05-21 | 2025-06-27 | 2025-07-11 |
| 2025-03-28 | $0.23 | 2025-02-11 | 2025-03-28 | 2025-04-11 |
| 2025-01-03 | $0.23 | 2024-12-10 | 2025-01-03 | 2025-01-17 |
| 2024-09-27 | $0.23 | 2024-09-12 | 2024-09-27 | 2024-10-11 |
| 2024-06-28 | $0.22 | 2024-05-15 | 2024-06-28 | 2024-07-12 |
| 2024-03-27 | $0.22 | 2024-02-06 | 2024-03-29 | 2024-04-12 |
| 2024-01-04 | $0.22 | 2023-12-07 | 2024-01-05 | 2024-01-19 |
| 2023-09-28 | $0.22 | 2023-09-19 | 2023-09-29 | 2023-10-13 |
| 2023-06-29 | $0.20 | 2023-05-16 | 2023-06-30 | 2023-07-14 |
| 2023-03-30 | $0.20 | 2023-02-07 | 2023-03-31 | 2023-04-14 |
| 2023-01-05 | $0.20 | 2022-12-06 | 2023-01-06 | 2023-01-20 |
| 2022-09-29 | $0.20 | 2022-09-14 | 2022-09-30 | 2022-10-14 |
| 2022-06-30 | $0.19 | 2022-05-19 | 2022-07-01 | 2022-07-15 |
| 2022-03-31 | $0.19 | 2022-02-08 | 2022-04-01 | 2022-04-15 |
| 2022-01-05 | $0.19 | 2021-12-07 | 2022-01-06 | 2022-01-20 |
| 2021-09-30 | $0.19 | 2021-09-14 | 2021-10-01 | 2021-10-15 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for KDP — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30