
Keurig Dr Pepper’s (NASDAQ: KDP) stock price has been under pressure for years as its businesses struggled, strategy concerns emerged, and analysts panned the name. However, that story is changing, as its core businesses have returned to growth and the planned separation into two traded companies is progressing.
KDP's Q4 2025 earnings covered progress on acquiring JDE Peet's and splitting into two companies. The company secured an extra $1.5 billion in preferred equity, bringing that total to $4.5 billion and removing the need for a partial IPO. The deal still involves significant debt and is expected to close in early April.