Keurig Dr Pepper Inc. (NASDAQ:KDP) is one of the 10 Undervalued Counter Cyclical Stocks to Buy Now.
On June 11, 2026, Bernstein initiated coverage of Keurig Dr Pepper Inc. (NASDAQ:KDP) with an Outperform rating and $38 price target
The firm said Keurig Dr Pepper has an “outstanding” functional beverages portfolio and, while the company is in the middle of “a challenging integration rife with risk,” it believes those risks are well understood and priced in. Bernstein also said beverages should continue to outperform and drive appreciation. Also on June 11, JAB BevCo B.V., a subsidiary of JAB Holding Company, announced that it sold its remaining stake in Keurig Dr Pepper Inc. (NASDAQ:KDP).
The stake consisted of approximately 59.1M shares, or about 4.3% of KDP’s outstanding common stock, and was sold through an unregistered block trade by J.P. Morgan Securities (JPM). JAB said it remains committed to its consumer investment platform and will continue focusing on building resilient consumer businesses.