Keurig Dr Pepper IncNasdaq: KDP
Consumer Staples · Soft Drinks & Non-alcoholic Beverages
$29.11
-0.99%
Vol: 4.4M
Research Digest
Friday, May 1, 2026
Keurig Dr Pepper reported Q1 2026 revenues of $3.98 billion (+9.4%) and adjusted EPS of $0.39 beating estimates, but announced plan to separate into two independent public companies.
Keurig Dr Pepper reported Q1 2026 revenue of $3.98 billion, 9.4% increase year-over-year, with adjusted EPS of $0.39 exceeding consensus of $0.37. Company completed JDE Peet's acquisition and will separate into two independent publicly-traded companies: one focused on global coffee, other on North American refreshment beverages. Keurig renewed and expanded Starbucks K-Cup pod manufacturing agreement with Nestlé USA. FY2026 guidance of $25.9-$26.4 billion. JPMorgan and UBS raised price targets to $33 and $34 respectively.
Previous Market Intelligence
13 daysApr 30Keurig Dr Pepper beats Q1 estimates, reaffirms guidance amid JDE Peet's acquisitionPositive▶
Keurig Dr Pepper reported Q1 2026 results with revenue of $3.98 billion, beating estimates, and EPS of $0.34 versus consensus of $0.33. The company reaffirmed full-year 2026 guidance with expected net sales of $25.9-$26.4 billion and constant currency Adjusted diluted EPS growth in the low-double-digit range. KDP appointed Anthony DiSilvestro as Chief Financial Officer and declared a regular quarterly dividend of $0.23 per share. The company continues pursuing a recommended public cash offer to acquire JDE Peet's N.V. with plans to separate into two independent U.S.-listed companies post-acquisition.
Apr 29Keurig Dr Pepper Q1 revenue $3.98B beats estimates, JDE Peet's acquisition completed April 1Positive▶
Keurig Dr Pepper reported Q1 2026 net sales of $4.0 billion, up 9.4% YoY, beating revenue estimate of $3.98B. GAAP diluted EPS was $0.20 (-47.4% YoY) due to transaction costs, while adjusted diluted EPS was $0.39, down 7.1% due to inflation, marketing and SG&A increases offsetting sales growth. The company completed acquisition of JDE Peet's on April 1, 2026. For 2026, KDP guidance: net sales $25.9-$26.4B with low-double-digit constant currency adjusted EPS growth. Legacy business guidance: 4-6% net sales growth and 4-6% adjusted EPS growth. Analysts Wells Fargo (Buy), JPMorgan and UBS raised targets to $33-$34. Analyst consensus reflects confidence despite near-term headwinds.
Apr 16Keurig Dr Pepper completes JDE Peet's acquisition (97.75% of shares tendered); appoints Rafael Oliveira as Global Coffee Co CEO.Positive▶
KDP completed acquisition of JDE Peet's with 97.75% share tenancy, bringing together Keurig and JDE Peet's coffee brands. Rafael Oliveira named CEO of the future Global Coffee Co. and KDP's Executive Leadership Team, reporting to CEO Tim Cofer. Full-year 2025 net sales increased 8.2% to $16.6 billion. Q1 2026 earnings expected April 23 before market open. Analyst price targets were lowered: Wells Fargo to $37 from $40, UBS to $32 from $36.
Apr 15Keurig Dr Pepper completes JDE Peets acquisition with 97.75% acceptance; separation into two companies planned.Negative▶
Keurig Dr Pepper completed acquisition of 96.22% of JDE Peets shares on April 1, 2026, with post-closing acceptance concluding April 13. KDP plans to separate into two independent U.S.-listed public companies. JDE Peets delisting from Euronext Amsterdam April 30. Wells Fargo lowered price target to $37, UBS to $32.
Apr 14Keurig Dr Pepper completes JDE Peet acquisition with 97.75% shareholding, advancing global coffee strategy.Mixed▶
Keurig Dr Pepper announced post-closing acceptance period for JDE Peet acquisition expired, with the Offeror now holding approximately 97.75% of the shares. KDP plans to separate into two independent businesses by year-end 2026. However, analyst price targets were lowered recently.
Apr 13Keurig Dr Pepper completed $18.4B JDE Peet's acquisition on April 1; plans separation into two publicly traded companies by year-end.Mixed▶
KDP completed acquisition of 96.22% of JDE Peet's for approximately $18.4 billion on April 1, 2026. Plans to separate into Beverage Co. and Global Coffee Co. by year-end 2026. Rafael Oliveira named CEO of Global Coffee Co., Tim Cofer CEO of Beverage Co. FY 2025 net sales increased 8.2% to $16.6 billion. 2026 guidance of net sales $25.9-$26.4B. Stock fallen 29.15% from October 2025 peak. Q1 earnings April 23.
Apr 10Keurig Dr Pepper completes $18.4B JDE Peet's acquisition and plans split into two independent companies by year-end 2026.Mixed▶
KDP completed its transformational acquisition of 96.22% of JDE Peet's for approximately $18.4 billion. The company plans to separate into two independent U.S.-listed businesses: a cold beverage-focused Beverage Co. and a Global Coffee Co. Q1 2026 earnings are scheduled for April 23. Wells Fargo lowered price target to $37, UBS to $32.
Apr 9Keurig Dr Pepper completes JDE Peet's acquisition (96.22% stake); Q1 2026 earnings April 23Mixed▶
Keurig Dr Pepper completed acquisition of 96.22% of JDE Peet's shares via public cash offer. Company announced plans to separate post-acquisition into two independent US-listed pure-play companies (global coffee and North American refreshment). Q4 2025 and full-year results show $0.60 EPS (+1.7% YoY expectations), $4.5B revenue. Targets double-digit adjusted EPS growth in 2026. Board Chair transitioning from Bob Gamgort to Pamela Patsley. Q1 2026 earnings due April 23 before market open. Stock at 52-week low of $25.03, down 22.6% YoY, -8.1% YTD.
Apr 8Keurig Dr Pepper completes landmark $18.4B JDE Peet's acquisition; plans two-company splitMixed▶
Keurig Dr Pepper closed its acquisition of JDE Peet's (96.22% stake) on April 1, 2026, for approximately $18.4B (€15.7B). The company plans to separate into two independent U.S.-listed entities: a North American beverage leader and a global coffee powerhouse. Rafael Oliveira appointed CEO of the future Global Coffee Co.; Tim Cofer to lead Beverage Co. post-separation. Stock down 1.48% on deal close; 13.0% down over past month amid leverage concerns.
Apr 7Keurig Dr Pepper completes $18.4B JDE Peet's acquisition; planned separation into two companies.Negative▶
KDP completed 96.22% JDE Peet's acquisition for ~$18.4B April 1. Rafael Oliveira named CEO of future Global Coffee Co. Plans separation into Beverage Co. and Global Coffee Co. Stock $25.31, -14.41% 30d, -26.58% 1y at 52w low. Q1 2026 April 23. DB PT $28; UBS $36.
Apr 6Keurig Dr Pepper Completes JDE Peet's AcquisitionNeutral▶
Keurig Dr Pepper announced on April 1, 2026 that it has acquired 96.22% of JDE Peet's shares in a transformational transaction. Rafael Oliveira was named CEO of the future Global Coffee Co. following the planned separation. The last day of JDE Peet's trading will be April 29, 2026, with delisting from Euronext Amsterdam on April 30, 2026. Combined 2025 revenues will exceed $95 billion with adjusted EBITDA of $6.4 billion. KDP stock dropped 1.48% overnight but recovered $0.13 in after-hours trading. Deutsche Bank lowered the price target to $28 from $34 on March 30, 2026.
Apr 3Keurig Dr Pepper completed JDE Peet's acquisition on April 1 for EUR14.86B, setting stage for Global Coffee Co. spin-off.Positive▶
Keurig Dr Pepper completed its landmark acquisition of JDE Peet's on April 1, securing 96.22% of shares at EUR31.85 per share (total ~EUR14.86 billion). Rafael Oliveira named CEO of future Global Coffee Co., with tax-free spin-off targeted for year-end 2026. JDE will delist from Euronext Amsterdam on April 30. Q1 2026 results scheduled for April 23. Stock down 14.41% over 30 days.
Apr 2Keurig Dr Pepper closes JDE Peet's acquisition (96.22% stake), appoints Rafael Oliveira as CEO; Global Coffee Co. separation planned end-2026.Positive▶
Keurig Dr Pepper closed acquisition of 96.22% stake in JDE Peet's on April 1, 2026, creating a combined global coffee business. Rafael Oliveira, former JDE Peet's CEO, appointed to lead combined coffee unit and future Global Coffee Co. Post-acceptance period runs through April 13; JDE Peet's shares delist April 30. Company targets separation readiness by year-end 2026. Q1 2026 earnings report April 23, 2026. Quarterly dividend $0.23/share declared for April 10 payment.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| KOCOCA | $78.69 | -0.10% | +2.0% | 22.7x | 0.36 | $338.9B |
| PEPPEPSICO | $157.61 | -0.56% | +1.1% | 17.3x | 0.41 | $216.6B |
| MNSTMONSTER | $77.16 | +0.12% | +3.9% | 30.4x | 0.51 | $75.4B |
| KDPKEURIG | $29.11 | -0.99% | +14.4% | 11.6x | 0.36 | $40.0B |
| WMTWALMART | $131.84 | -0.07% | +4.0% | 40.2x | 0.66 | $1.05T |
| COSTCOSTCO | $1,012.70 | -0.18% | -0.4% | 45.1x | 0.98 | $450.1B |
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