KDP

Keurig Dr PepperNASDAQ · Soft Drinks & Non-alcoholic Beverages · Consumer Staples

Previous close

31.80

Change

+0.31 / +0.98%

FinDog View

Bullish

52-Week Range

24.88 – 33.82

P/E (TTM)

30.1

Forward P/E

13.1

Based on consensus earnings for the next 12 months

Market Cap

$43.3B

+5.02%

S&P 500 −2.41% over same period

Volume / Avg Volume

11.1M / 9.4M

1.19× average

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 32.21M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q2 Quarter ended 2026-06	2026-08-06	$7.3B	0.57 / 0.54	−1.19%	Read analysis →
FY2026 Q1 Quarter ended 2026-03	2026-04-23	$4.0B	0.39 / 0.38	+2.42%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-02-24	—	— / —	−2.84%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-10-27	—	— / —	−1.30%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-24	—	— / —	−0.89%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-04-24	—	— / —	−0.17%	Pending

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 83 of its 5-year rangeExpensive

5-year range 18.6 – 32.4 · Median 23.3

Last 4 quarters: $0 in buybacks + $1.2B in dividends, 2.89% of market cap combined

P/E (TTM)

30.1

P/B

1.5

P/S

2.1

Dividend Yield

2.64%

Earnings Reaction

Over the last 6 reports, the stock moved ±1.5% on average on the first trading day after, rising 1 times

Most recent −1.19%

Volatility & Correlation

1-year beta 0.07 · Correlation with S&P 500 0.03Low beta

Annualized volatility 27% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 1 · $0.25MSell 3 · $1.1MNet selling $0.84M

09-09DeNooyer Mary BethChief Human Resources OfficerSell$0.39M12,000 shares · Avg price 32.30
09-08DeNooyer Mary BethChief Human Resources OfficerSell$0.39M12,000 shares · Avg price 32.55
09-03Stephens Angela A.Senior VP & ControllerSell$0.31M9,500 shares · Avg price 32.70
08-25Alt Aaron EDirectorBuy$0.25M7,862 shares · Avg price 31.83

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q2	7.31	+75.6%	41.9%	0.63	0.14	0.71	0.04
FY2026 Q1	3.98	+9.4%	52.8%	0.76	0.27	0.17	0.20
FY2025 Q4	4.50	+10.5%	53.8%	0.88	0.35	0.56	0.26
FY2025 Q3	4.31	+10.7%	54.3%	1.00	0.66	0.53	0.49
FY2025 Q2	4.16	+6.1%	54.2%	0.90	0.55	0.33	0.40
FY2025 Q1	3.64	+4.8%	54.6%	0.80	0.52	0.09	0.38
FY2024 Q4	4.07	+5.2%	55.9%	0.06	-0.14	0.68	-0.11
FY2024 Q3	3.89	+2.3%	55.0%	0.90	0.62	0.50	0.45
FY2024 Q2	3.92	+3.5%	55.4%	0.86	0.52	0.54	0.38
FY2024 Q1	3.47	+3.4%	55.9%	0.77	0.45	-0.07	0.33
FY2023 Q4	3.87	+1.7%	56.5%	0.94	0.69	0.14	0.49
FY2023 Q3	3.81	+5.1%	55.5%	0.90	0.52	0.46	0.37

Peers

Largest by market cap in the sector · Latest quarterView Consumer Staples sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
KDP	Keurig Dr Pepper	$43.3B	30.1	+75.6%	41.9%	+5.02%	Bullish
WMT	Walmart	$884B	38.5	+5.9%	25.4%	−5.97%	Neutral	Compare
COST	Costco	$396B	45.2	+11.6%	12.8%	−6.27%	Bullish	Compare
KO	Coca-Cola Company (The)	$378B	26.6	−0.5%	63.0%	+1.02%	Neutral	Compare
PG	Procter & Gamble	$341B	21.2	+1.5%	48.5%	+2.72%	Neutral	Compare
PM	Philip Morris International	$299B	27.8	+10.4%	68.4%	+3.90%	Neutral	Compare
PEP	PepsiCo	$183B	17.7	+6.4%	54.2%	−2.82%	Neutral	Compare
MO	Altria	$117B	14.6	+0.1%	74.9%	+9.60%	Neutral	Compare
MNST	Monster Beverage	$87.3B	41.3	+20.2%	55.9%	−2.09%	Neutral	Compare

The View in One Line

FY2026 Q2 revenue $7.31 billion, gross margin 41.9% solid; news mentions spin-off creating value, received Buy rating, stock rose 5.02% for the month, Bullish.

Updated 2026-09-16

Notable Institutional Holders

Citadel Advisors · Ken Griffin$545MAdded +827%
Bridgewater Associates · Ray Dalio$2.5MUnchanged +0%

As of 2026-06-30

Key Events

09-16Capital Actions
KDP Declares Quarterly Dividend of $0.23 per Share
Keurig Dr Pepper declared a quarterly dividend of $0.23 per share on September 16, 2026, payable October 9 to shareholders of record on September 28.Source ↗
09-01M&A / Contracts
KDP Exits Chobani Stake for $800 Million and Sells Assets
KDP redeemed its indirect Chobani stake for $800 million ($400 million cash plus $400 million in notes) and sold leasehold interests in two Pennsylvania facilities for $125 million, expected to close in Q3 2026.Source ↗
08-12Management Change
KDP Board Adds Aaron Alt as Independent Director
On August 10, 2026, Keurig Dr Pepper's board appointed Aaron Alt as an independent director, expanding the board to ten members effective August 14; he also joined the audit and finance committees.Source ↗
06-25Management Change
KDP Chief Accounting Officer Announces Retirement
Keurig Dr Pepper SVP and Chief Accounting Officer Angela Stephens notified the company on June 22, 2026 that she will retire after the completion of the coffee and beverage business separation, after nearly 18 years of service.Source ↗
06-23Management Change
Coffee Business Head to Depart End of July; CEO to Oversee Temporarily
KDP coffee business head Rafa Oliveira will leave at the end of July 2026 to become CEO of an outside company; CEO Tim Cofer will oversee the coffee business temporarily, and the company reiterated its 2026 guidance.Source ↗
06-18Governance
KDP Annual Meeting Approves Director Elections and Executive Compensation
On June 16, 2026, KDP shareholders elected 9 directors, approved executive compensation, the reappointment of Deloitte as auditor, and the 2026 stock incentive plan.Source ↗
05-22Capital Actions
KDP Adds Subsidiary Debt Guarantees Following Acquisitions
KDP and its subsidiaries established cross-guarantees for the Maple notes, delayed draw loans, and approximately $4.7 billion of JDEP notes, with the guarantees automatically terminating upon the spin-off of the coffee and beverage business.Source ↗
05-20Capital Actions
KDP Declares $0.23 Quarterly Dividend
Keurig Dr Pepper declared a regular quarterly dividend of $0.23 per share on May 20, 2026, payable July 10 to shareholders of record on June 26.Source ↗

Key Financial Trends

Quarterly Revenue ($B)7.3

Gross Margin41.9%

Free Cash Flow ($B)0.7