Keurig Dr Pepper

KDP

Market cap $37.9B

About the Industry

BURLINGTON, Mass. and FRISCO, Texas , Nov. 25, 2025 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) today announced the appointment of Anthony DiSilvestro to the position of Chief Financial Officer, effective immediately.

Powered by innovation, Keurig's newest product is expertly crafted in-house and available now in five bold roasts BURLINGTON, Mass. , Nov. 24, 2025 /PRNewswire/ -- Keurig®,  the brand that transformed single-serve coffee, today expands its portfolio to the premium coffee category with the launch of Keurig Coffee Collective.

KDP's strong beverage momentum offsets coffee softness and rising costs as innovation and scale drive long-term growth confidence.

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Keurig Dr Pepper is rated a 'Sell' due to concerns over its $18.4B JDE Peet's acquisition and resulting high leverage. Despite strong Q3 2025 results and market share gains, KDP's financial flexibility is limited by weak liquidity and a heavily intangible asset base. The JDE Peet's deal will push the company's net leverage to 4.6x, with combined free cash flow insufficient to justify the elevated enterprise value.

Citigroup's stock price appreciated after it delivered solid second-quarter earnings amidst a volatile macro environment. Warner Bros Discovery's stock price surged by 29% in a single trading session in September – its best day on record – amid reports that it is an acquisition target for Paramount-Skydance. Charter Communications' stock price declined after it reported weak second-quarter earnings.

Oakmark Global Strategy portfolio's return was 4.70% (net) for the reporting period vs. MSCI World Index that returned 7.27% for the same period. Kering (PPRUF), Alibaba Group (BABA) and Alphabet Cl A (GOOG) were the contributors. Charter Communications Cl A (CHTR), Centene (CNC) and Keurig Dr Pepper (KDP) were the detractors.

Both PepsiCo (NASDAQ: PEP) and Keurig Dr Pepper (NASDAQ: KDP) have significantly underperformed the broader market this year. The S&P 500 index has posted a solid 17% gain, yet PEP's stock price is essentially flat compared to the beginning of the year, and KDP's stock is down about 10%.