KEURIG DR PEPPER INC KDP
COM · Common Stock · CUSIP 49271V100 · ISIN US49271V1008
- SectorConsumer staples
- IndustryBeverages
- HeadquartersFrisco, TX
- Founded2008
- Websitedrpeppersnapplegroup.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($133.8m this quarter). Holder counts are more reliable. Shares outstanding: 1.4bn as of 2026-04-21, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $26.33. Options: 20 managers hold calls ($87.2m notional), 20 hold puts ($70.0m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 642 |
| Q4 2022 | 705 |
| Q1 2023 | 693 |
| Q2 2023 | 664 |
| Q3 2023 | 684 |
| Q4 2023 | 702 |
| Q1 2024 | 726 |
| Q2 2024 | 734 |
| Q3 2024 | 744 |
| Q4 2024 | 786 |
| Q1 2025 | 837 |
| Q2 2025 | 823 |
| Q3 2025 | 836 |
| Q4 2025 | 853 |
| Q1 2026 | 827 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 417 | 323 |
| Q3 2024 | 431 | 297 |
| Q4 2024 | 429 | 316 |
| Q1 2025 | 512 | 305 |
| Q2 2025 | 522 | 297 |
| Q3 2025 | 451 | 420 |
| Q4 2025 | 454 | 405 |
| Q1 2026 | 401 | 423 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $251.4m | $46.9m | 0.19 |
| Q3 2025 | $357.8m | $96.8m | 0.27 |
| Q4 2025 | $253.4m | $186.9m | 0.74 |
| Q1 2026 | $87.2m | $70.0m | 0.80 |
Biggest buyers
| FMR LLC | Added | +10.1m |
| HARRIS ASSOCIATES L P | Added | +6.8m |
| BlackRock, Inc. | Added | +5.9m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +4.7m |
| Capital International Investors | Added | +3.2m |
| Contrarius Group Holdings Ltd | New | +2.8m |
| River Road Asset Management, LLC | New | +2.7m |
| GOLDMAN SACHS GROUP INC | Added | +2.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +2.1m |
| MANGROVE PARTNERS IM, LLC | New | +1.4m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -11.0m |
| T. Rowe Price Investment Management, Inc. | Reduced | -7.4m |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -6.9m |
| Point72 Asset Management, L.P. | Reduced | -5.4m |
| HSBC HOLDINGS PLC | Reduced | -5.0m |
| MARSHALL WACE, LLP | Reduced | -3.3m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -1.9m |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -1.5m |
| BARCLAYS PLC | Reduced | -1.0m |
| NATIXIS | Reduced | -1.0m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $22.0m833.8k shares |
| CITADEL ADVISORS LLC | Reduced | $14.8m561.5k shares |
| Walleye Capital LLC | Added | $6.9m261.5k shares |
| NOMURA HOLDINGS INC | Added | $6.4m241.3k shares |
| LMR Partners LLP | Reduced | $5.3m200.0k shares |
| JANE STREET GROUP, LLC | Reduced | $4.9m187.0k shares |
| IMC-Chicago, LLC | Reduced | $4.7m176.8k shares |
| GROUP ONE TRADING LLC | Reduced | $4.2m159.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.0m151.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $2.8m105.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $11.6m442.0k shares |
| CITADEL ADVISORS LLC | Reduced | $10.9m413.1k shares |
| JANE STREET GROUP, LLC | Reduced | $10.3m389.3k shares |
| Westchester Capital Management, LLC | Added | $7.9m298.3k shares |
| Walleye Capital LLC | Added | $6.6m250.9k shares |
| IMC-Chicago, LLC | Reduced | $3.4m129.2k shares |
| Volterra Technologies LP | Added | $3.0m114.9k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $2.5m93.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $2.4m89.9k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $2.0m77.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FMR LLC 13G · institution +2.7 pts · filed 2026-08-06 | 12.7% |
| Capital World Investors 13G · institution +1.5 pts · filed 2026-08-12 | 8.8% |
| BlackRock, Inc. 13G · institution +1.6 pts · filed 2026-07-29 | 8.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.3% |
| HARRIS ASSOCIATES L P 13G · institution new · filed 2026-02-17 | 6.3% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 4 | $2.8m | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 3 | $15.3m | — |
| Q2 2025 | 1 | $498.0k | 3 | $24.0m | — |
| Q3 2025 | 1 | $254.1k | 2 | $14.8m | $14.8m |
| Q4 2025 | 0 | — | 1 | $295.2k | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.20% of their portfolio | 145.6m $3.8bn | Added +10.1m |
| BlackRock, Inc. 0.06% of their portfolio | 125.5m $3.3bn | Added +5.9m |
| Capital World Investors 0.36% of their portfolio | 99.0m $2.6bn | Added +576.3k |
| HARRIS ASSOCIATES L P 3.27% of their portfolio | 93.1m $2.5bn | Added +6.8m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 86.0m $2.3bn | First filing |
| STATE STREET CORP 0.06% of their portfolio | 65.1m $1.7bn | Added +872.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.09% of their portfolio | 62.1m $1.6bn | First filing |
| WELLINGTON MANAGEMENT GROUP LLP 0.30% of their portfolio | 61.7m $1.6bn | Added +4.7m |
| Invesco Ltd. 0.12% of their portfolio | 45.2m $1.2bn | Reduced -779.5k |
| T. Rowe Price Investment Management, Inc. 0.68% of their portfolio | 37.3m $982.1m | Reduced -7.4m |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 33.3m $879.8m | Reduced -11.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 32.9m $863.9m | Added +1.1m |
| MORGAN STANLEY 0.04% of their portfolio | 26.6m $700.5m | Added +1.2m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.89% of their portfolio | 21.9m $575.9m | Added +623.7k |
| Capital International Investors 0.12% of their portfolio | 20.0m $527.5m | Added +3.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 14.1m $372.5m | Added +2.1m |
| Allspring Global Investments Holdings, LLC 0.57% of their portfolio | 13.2m $338.5m | Reduced -358.4k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 12.2m $320.4m | Added +120.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 11.5m $302.4m | Added +1.2m |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 9.6m $252.4m | Added +103.5k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 9.5m $250.3m | Added +2.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 8.8m $231.2m | Added +289.1k |
| Legal & General Group Plc 0.05% of their portfolio | 8.7m $230.0m | Added +82.9k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 8.2m $216.8m | Added +96.6k |
| VANGUARD FIDUCIARY TRUST CO 0.05% of their portfolio | 7.6m $199.7m | First filing |
| Bank of New York Mellon Corp 0.03% of their portfolio | 7.2m $189.1m | Reduced -285.6k |
| UBS Group AG 0.03% of their portfolio | 6.4m $168.5m | Reduced -725.9k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 6.3m $166.8m | Added +553.8k |
| FRANKLIN RESOURCES INC 0.04% of their portfolio | 6.2m $164.1m | Added +864.7k |
| Amundi 0.04% of their portfolio | 5.7m $149.4m | Added +1.1m |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 4.7m $124.7m | Reduced -6.9m |
| Nuveen, LLC 0.03% of their portfolio | 4.2m $111.8m | Added +1.1m |
| Thrivent Financial for Lutherans 0.21% of their portfolio | 4.2m $111.2m | Added +62.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio | 3.8m $100.8m | Added +705.2k |
| BARCLAYS PLC 0.04% of their portfolio | 3.8m $100.5m | Reduced -1.0m |
| Swiss National Bank 0.06% of their portfolio | 3.8m $99.7m | Added +251.3k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 3.7m $97.5m | Added +41.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 3.5m $91.5m | Reduced -159.1k |
| Munich Reinsurance Co Stock Corp in Munich 2.23% of their portfolio | 3.5m $90.9m | Added +1.1m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 3.1m $82.0m | Added +184.6k |
| Vanguard Global Advisers, LLC 0.04% of their portfolio | 3.0m $78.2m | First filing |
| California Public Employees Retirement System 0.05% of their portfolio | 3.0m $78.0m | Reduced -376.0k |
| Clearbridge Investments, LLC 0.07% of their portfolio | 2.9m $76.9m | Reduced -104.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 2.8m $74.9m | Reduced -1.5m |
| Contrarius Group Holdings Ltd 4.16% of their portfolio | 2.8m $73.4m | New |
| SEI INVESTMENTS CO 0.07% of their portfolio | 2.8m $73.1m | Added +1.2m |
| River Road Asset Management, LLC 0.82% of their portfolio | 2.7m $72.0m | New |
| Boston Partners 0.07% of their portfolio | 2.7m $70.2m | Reduced -108.9k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.06% of their portfolio | 2.7m $69.8m | First filing |
| Bank Julius Baer & Co. Ltd, Zurich 0.21% of their portfolio | 2.6m $69.6m | Added +4.4k |
| TCW GROUP INC 0.51% of their portfolio | 2.6m $67.3m | Reduced -542.2k |
| CITIGROUP INC 0.04% of their portfolio | 2.6m $67.2m | Added +466.3k |
| National Pension Service 0.05% of their portfolio | 2.5m $65.2m | Added +434.7k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 2.4m $64.2m | Added +40.4k |
| Retirement Systems of Alabama 0.21% of their portfolio | 2.4m $62.6m | Reduced -513 |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 2.4m $62.0m | Reduced -5.0m |
| ANTIPODES PARTNERS Ltd 1.19% of their portfolio | 2.3m $61.8m | Reduced -39.6k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 2.3m $61.7m | Added +186.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 2.2m $57.8m | Reduced -40.7k |
| Pathstone Holdings, LLC 0.22% of their portfolio | 2.1m $56.4m | Added +565 |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 2.1m $55.7m | Added +54.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 2.1m $54.0m | Reduced -93.7k |
| Aberdeen Group plc 0.09% of their portfolio | 2.0m $53.3m | Added +73.8k |
| ProShare Advisors LLC 0.08% of their portfolio | 1.9m $50.7m | Reduced -442.6k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 1.8m $47.3m | Added +714.4k |
| TD Asset Management Inc 0.04% of their portfolio | 1.8m $47.1m | Reduced -13.7k |
| Cullen Capital Management, LLC 0.48% of their portfolio | 1.8m $46.5m | Added +285.5k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.7m $44.7m | Added +216.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.10% of their portfolio | 1.6m $42.3m | Added +119.2k |
| Capital International, Inc./CA/ 0.32% of their portfolio | 1.6m $42.0m | Added +219.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 1.6m $41.1m | Added +9.3k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 1.6m $40.8m | Added +204.8k |
| Quantinno Capital Management LP 0.07% of their portfolio | 1.5m $40.8m | Reduced -97.0k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 1.5m $43.3m | Added +61.7k |
| PRIVATE MANAGEMENT GROUP INC 1.16% of their portfolio | 1.5m $40.2m | Added +7.2k |
| ANCHOR CAPITAL ADVISORS LLC 1.13% of their portfolio | 1.5m $39.6m | Added +205.2k |
| NATIXIS ADVISORS, LLC 0.05% of their portfolio | 1.5m $39.4m | Added +51.2k |
| SG Americas Securities, LLC 0.04% of their portfolio | 1.5m $39.3m | Reduced -438.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 1.4m $37.3m | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio | 1.4m $36.5m | Reduced -178.0k |
| Public Sector Pension Investment Board 0.11% of their portfolio | 1.4m $36.2m | Added +42.7k |
| MANGROVE PARTNERS IM, LLC 2.91% of their portfolio | 1.4m $35.9m | New |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.06% of their portfolio | 1.3m $34.5m | Added +97.9k |
| OFI INVEST ASSET MANAGEMENT 0.39% of their portfolio | 1.3m $29.1m | Reduced -29.0k |
| RWC Asset Management LLP 1.34% of their portfolio | 1.2m $32.3m | Reduced -44.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 1.2m $32.0m | Reduced -9.4k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio | 1.2m $31.8m | Added +107.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 1.2m $30.3m | Added +526.5k |
| STOREBRAND ASSET MANAGEMENT AS 0.09% of their portfolio | 1.2m $30.3m | Reduced -20.8k |
| JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio | 1.1m $29.3m | Added +1.1m |
| AVIVA PLC 0.05% of their portfolio | 1.1m $29.3m | Added +31.2k |
| DANSKE BANK A/S 0.07% of their portfolio | 1.1m $29.2m | Added +140.3k |
| Swedbank AB 0.03% of their portfolio | 1.1m $28.4m | Added +91.5k |
| Perpetual Ltd 0.44% of their portfolio | 1.1m $28.4m | Added +159.4k |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 1.1m $28.2m | Added +389.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 1.0m $27.5m | Unchanged |
| LONE PEAK GLOBAL INVESTORS LLC 4.54% of their portfolio | 1.0m $27.2m | Added +234.1k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 1.0m $27.2m | Added +65.4k |
| Gotham Asset Management, LLC 0.08% of their portfolio | 989.2k $26.0m | Reduced -398.0k |
| Point72 Asset Management, L.P. 0.05% of their portfolio | 982.8k $25.9m | Reduced -5.4m |