WallStSmart
KDP

Keurig Dr Pepper Inc

NASDAQ: KDP · CONSUMER DEFENSIVE · BEVERAGES - NON-ALCOHOLIC

$28.93
+0.49% today

Updated 2026-04-29

Market cap
$39.36B
P/E ratio
21.43
P/S ratio
2.32x
EPS (TTM)
$1.35
Dividend yield
3.19%
52W range
$25 – $35
Volume
11.4M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Keurig Dr Pepper Inc (KDP) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$28.93
Consensus
$34,560.00
+119360.77%
2030 Target
$356.87
+1133.56%
DCF
$73.47
+59.32% MoS
16 analysts:
5 Buy5 Hold1 Sell

Management guidance

KDP management forecasted $26.4 billion in 2026 revenue (59% growth from $16.6B in 2025), targeting double-digit earnings growth in 2026. For 2026 standalone KDP (post-JDE Peet's separation), management projects $2 billion in free cash flow and 10% EPS accretion from the transaction. The company expects the separation into Beverage Co. and Global Coffee Co. to be operational by year-end 2026.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$597.32
$40.5B Rev × 20x P/S
Base case (2030)
$356.87
$40.5B Rev × 12x P/S
Bear case (2030)
$237.91
$40.5B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$14.8B$15.4B$16.6B$26.4B$30.2B$33.8B$37.1B$40.5B
Revenue growth—3.6%8.2%59.0%14.3%11.8%10.0%9.2%
EPS$1.79$1.92$2.05$2.31$2.55$2.80$3.08$3.35
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$232.85$265.76$298.66$329.03$356.87

Catalysts & risks

Growth catalysts
+ JDE Peet's $18B acquisition closed April 2026 with 96.22% acceptance; separation into two independent U.S.-listed companies targeted by year-end 2026
+ Global Coffee Co. leadership appointed (Rafael Oliveira, former JDE Peet's CEO) signals operational readiness and value unlock potential
+ Post-separation Beverage Co. to focus on North American refreshment with strong Dr Pepper, Snapple, Canada Dry brands plus K-Cup coffee systems
+ Management guidance calls for 10% EPS accretion and $2B free cash flow in standalone KDP 2026, demonstrating confidence in separation execution
Key risks
- Significant debt burden from JDE Peet's acquisition ($8.5B raised via preferred stock and joint venture); separation execution complexity and higher leverage risk during transition
- Cost inflation pressures persist into early 2026 with demand elasticity risk as consumers trade down to cheaper alternatives amid moderating macro environment
- Currency headwinds, commodity price volatility, and regulatory/health risks in non-alcoholic beverage sector; competitive intensity from Coca-Cola and PepsiCo
- Post-separation Beverage Co. smaller revenue base ($~13-14B) creates valuation and scale concerns versus combined entity; coffee business integration risks

Methodology

Keurig Dr Pepper Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 16 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.