--- title: Keurig Dr Pepper (KDP) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/kdp ticker: KDP as_of: 2026-10-17 sector: Consumer Defensive industry: Beverages - Non-Alcoholic --- # Keurig Dr Pepper (KDP) Keurig Dr Pepper (KDP) closed at $34.62 on Oct 16, 2026, undervalued by 57% vs its model value of $80.52 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $34.62 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $80.52 | | Price vs model | undervalued by 57% vs model | | Range of that model | $44.49 – $212.91 | | Market value | $47.1B | | P/E (fiscal 2025) | 22.6 | | Net margin (fiscal 2025) | 12.5% | | Free cash flow (fiscal 2025) | $1.5B | | Dividend yield (trailing twelve months) | 2.66% | | Beta | 0.41 | | Cost of capital (WACC) | 6.66% | | Business classification | Dividend Payer (Low/slowing growth (~6% recent), Moderate margins (13% net margin), Pays dividends, Highly cyclical earnings) | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Near 52-week highs | #17 | 0.0% | https://sweetvaluelab.com/lists/near-52-week-highs | | Insider buying | #32 | $250,247 | https://sweetvaluelab.com/lists/insider-buying | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 2.66% | | Dividends per share, last 12 months | $0.92 | | Dividends / free cash flow (fiscal 2025) | 83.1% | | Raised | 5 years in a row | | Growth over 5 years | 6.4% a year | | Latest payment | $0.23, ex-date Sep 28, 2026, paid Oct 9, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Sep 30, 2021 | $0.68 | | To Sep 29, 2022 | $0.76 | | To Sep 28, 2023 | $0.82 | | To Sep 27, 2024 | $0.88 | | To Sep 26, 2025 | $0.92 | | Trailing twelve months (to Sep 28, 2026) | $0.92 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $80.52 | $44.49 | $212.91 | | DCF · Perpetuity growth · 10y | cross check | $86.98 | $49.89 | $224.98 | | DCF · EBITDA exit · 5y | cross check | $66.70 | $43.82 | $93.74 | | DCF · EBITDA exit · 10y | cross check | $74.41 | $49.16 | $108.27 | | P/E · peers | cross check | $46.62 | $45.16 | $54.97 | | P/E · own history | cross check | $48.26 | $40.74 | $60.57 | | PEG | sanity check | $40.34 | $40.34 | $40.34 | | EV/EBITDA · peers | cross check | $77.29 | $74.44 | $101.48 | | EV/Revenue · peers | cross check | $85.94 | $82.09 | $98.62 | | Earnings power value | cross check | $16.60 | $11.51 | $24.64 | | Dividend discount | cross check | $23.77 | $15.58 | $43.07 | ## Insider activity (SEC Form 4) Past 90 days: 1 open-market buy ($250,247.5) and 3 open-market sales ($1.1M); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Sep 16, 2026 | Alt Aaron E | Director | Grant / award | 2,752 | $0 | | Sep 16, 2026 | DRISCOLL BRIAN J | Director | Grant / award | 2,752 | $0 | | Sep 14, 2026 | Gorli Eric | President, US Refreshment Bev. | Option/RSU exercise | 3,317 | $0 | | Sep 14, 2026 | Gorli Eric | President, US Refreshment Bev. | Tax withholding | 1,306 | $41,243.5 | | Sep 14, 2026 | Gorli Eric | President, US Refreshment Bev. | Option/RSU exercise | 3,317 | $0 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Oct 1, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1418135/000119312526409799/d87955d8k.htm | | Sep 28, 2026 | 8-K | 8.01 Other Events | https://www.sec.gov/Archives/edgar/data/1418135/000141813526000060/kdp-20260928.htm | | Sep 16, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1418135/000141813526000058/kdp-20260916.htm | | Sep 1, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1418135/000141813526000055/kdp-20260828.htm | | Aug 12, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/1418135/000141813526000053/kdp-20260810.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Bill Nygren | 2026-06-30 | 92,854,297 | $3.0B | | Bridgewater | 2026-06-30 | 75,377 | $2.5M | | Lee Ainslie | 2026-06-30 | 58,380 | $1.9M | 3 tracked managers in all. ## About 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 distrib… --- Source: https://sweetvaluelab.com/stocks/kdp (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.