Keurig Dr Pepper Inc. (KDP)

Beverages

Latest Price

$31.58

TTM P/E

31.90

Normalized P/E

24.91

Div Yield

2.91%

Book Value

18.40

P/B Ratio

1.72

Valuation metrics

EPS: $1.53

Book value / share: $18.78

Formula: √(22.5 × EPS × BVPS)

Graham Number

$25.43

19% downside

Norm. op. income: $2.6B (median of 7yr)

Tax rate: 23%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$3.57

89% downside

Base FCF: $1.7B (median of recent 5yr)

Growth: -3%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$0.65

98% downside

EPS: $1.53

Target P/E: 25×

Formula: EPS × P/E

P/E Fair Value

$38.25

+21% upside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
FMR LLC	172.40M	$5.64B	12.67%	+26.77M	2026-06-30
BlackRock, Inc.	143.53M	$4.70B	10.55%	+18.02M	2026-06-30
Capital World Investors	118.73M	$3.89B	8.72%	+19.70M	2026-06-30
HARRIS ASSOCIATES L P	92.85M	$3.04B	6.82%	-228.0K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	86.58M	$2.83B	6.36%	+610.7K	2026-06-30
STATE STREET CORP	64.13M	$2.11B	4.71%	-993.8K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	62.85M	$2.06B	4.62%	+733.2K	2026-06-30
WELLINGTON MANAGEMENT GROUP LLP	55.94M	$1.83B	4.11%	-5.80M	2026-06-30
Invesco Ltd.	45.57M	$1.49B	3.35%	+28.87M	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	38.55M	$1.26B	2.83%	+5.61M	2026-06-30