Keurig Dr Pepper (NASDAQ:KDP) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Keurig Dr Pepper (NASDAQ:KDP) posted its quarterly earnings data on Tuesday. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01, FiscalAI reports. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The company had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. The business’s quarterly revenue was up 10.6% on a year-over-year basis. Keurig Dr Pepper updated its FY 2026 guidance to 2.130-2.170 EPS.

Here are the key takeaways from Keurig Dr Pepper’s conference call:

• Secured key regulatory approvals and launched the tender offer to acquire JDE Peet’s, targeting an early‑April close and a planned separation into two pure‑play companies (Beverage Co. and Global Coffee Co.), which management expects to be accretive and deliver multi‑year synergies.
• 2025 results beat guidance with net sales up ~9% and EPS up 7%, led by a strong U.S. Refreshment Beverages segment that delivered double‑digit net sales growth and high single‑digit operating income expansion.
• Emerging growth platforms — notably energy (C4, GHOST, Bloom, Black Rifle), Electrolit and Vita Coco — drove meaningful market‑share and distribution gains (energy +~1.5 pts; GHOST added materially to volume mix), supporting future growth potential.
• U.S. Coffee margins
• 2026 outlook (inclusive of JDE) targets low double‑digit EPS growth, standalone KDP net sales/EPS growth of 4%–6%, and ~ $2.0B standalone free cash flow, backed by a refined financing plan (upsized $4.5B Beverage Co. preferred, $4B Pod JV and debt) to support swift deleveraging post‑close.

Keurig Dr Pepper Trading Up 4.2%

KDP opened at $31.03 on Wednesday. The company has a 50-day simple moving average of $28.19 and a 200 day simple moving average of $28.24. The stock has a market capitalization of $42.16 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 2.16 and a beta of 0.34. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper has a twelve month low of $25.03 and a twelve month high of $36.12.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio is currently 79.31%.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 10,000 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the vice president owned 54,200 shares of the company’s stock, valued at $1,599,984. This trade represents a 15.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Keurig Dr Pepper

A number of hedge funds have recently bought and sold shares of the company. GW&K Investment Management LLC boosted its holdings in shares of Keurig Dr Pepper by 67.6% during the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock worth $31,000 after buying an additional 451 shares in the last quarter. Rossby Financial LCC boosted its stake in Keurig Dr Pepper by 45.1% during the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after acquiring an additional 339 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Keurig Dr Pepper in the third quarter worth $34,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after purchasing an additional 1,023 shares during the period. Finally, BOKF NA increased its stake in Keurig Dr Pepper by 44.1% in the third quarter. BOKF NA now owns 1,388 shares of the company’s stock valued at $35,000 after purchasing an additional 425 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Key Headlines Impacting Keurig Dr Pepper

Here are the key news stories impacting Keurig Dr Pepper this week:

• Positive Sentiment: Q4 earnings and revenue beat — KDP reported $0.60 adj. EPS (vs. ~$0.59 consensus) and roughly $4.5B in net sales, up ~10.5% year-over-year, driven by U.S. refreshment volume, pricing and brand momentum. This is the main catalyst lifting sentiment. Article Title
• Positive Sentiment: Upbeat 2026 guidance — Management issued FY2026 adjusted EPS guidance (2.130–2.170) and targets double‑digit adjusted EPS growth, signaling continued margin and earnings improvement that supports multiple expansion. Article Title
• Positive Sentiment: JDE Peet’s acquisition financing updated — KDP secured additional preferred equity and updated its financing plan, reducing the need for a partial IPO and improving odds the transaction will close on schedule, which is a major strategic catalyst. Article Title
• Positive Sentiment: Split plan and institutional buying lift sentiment — Analysts and MarketBeat note that progress toward splitting into two pure‑play companies and heavy institutional accumulation are viewed as potential upside drivers (valuation re-rate if/when the split executes). Article Title
• Neutral Sentiment: Operational/ESG update — K‑Cup pods became recyclable in Ontario, a positive brand/ESG development but unlikely to move near‑term earnings materially. Article Title
• Negative Sentiment: Deal and leverage risks remain — The JDE Peet’s deal increases leverage and execution/regulatory risk; integration headaches or higher interest costs could pressure cash flow and dilute the near‑term benefit of the earnings beat. Article Title

Analyst Ratings Changes

Several brokerages have commented on KDP. Jefferies Financial Group downgraded Keurig Dr Pepper from a “buy” rating to a “hold” rating and dropped their price target for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. UBS Group reaffirmed a “buy” rating and issued a $35.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Wells Fargo & Company raised their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Piper Sandler upped their price target on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 15th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.20.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.

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