Keurig Dr Pepper shares gained after the company reported better-than-expected first-quarter results, reaffirmed its outlook, and received a Barclays rating upgrade. Sales were strong, led by the cold beverage portfolio and the U.S. Refreshment Beverages segment, while U.S. Coffee remained pressured but met expectations. Management continues to make progress on its JDE Peet's integration and has begun searching for a replacement for Rafa Oliveira, head of its coffee unit, who is leaving for the CEO role at Heineken. Oakmark U.S. Concentrated Strategy highlighted the stock as a notable performance contributor in its second-quarter 2026 investor letter, noting that strong execution and integration should help close the valuation gap relative to peers.
Keurig Dr Pepper IncBetter-than-expected Q1 results, reaffirmed outlook, and Barclays upgrade.
Heineken
Heineken Holding NVKeurig Dr Pepper making progress on JDE Peet's integration, which is positive for the combined entity.