Keurig Dr Pepper Inc. (NASDAQ:KDP) on Thursday posted better-than-expected earnings for the first quarter.

The company, which owns brands such as Dr Pepper, 7Up, Snapple and Green Mountain Coffee, reported first-quarter adjusted earnings per share of 39 cents, beating the analyst consensus estimate of 37 cents. Quarterly sales of $3.976 billion (+9.4% year over year) outpaced the Street view of $3.838 billion.

The firm affirmed the 2026 sales outlook of $25.900 billion-$26.400 billion, compared with the $26.081 billion estimate.

"With well-constructed plans in place, high-quality execution, and improving cost visibility as the year unfolds, we remain confident in our ability to deliver on our commitments while standing up two pure-play companies positioned for success," said CEO Tim Cofer.

Keurig Dr Pepper shares rose 1.8% to trade at $29.06 on Friday.

These analysts made changes to their price targets on Keurig Dr Pepper following earnings announcement.

  • JP Morgan analyst Andrea Teixeira maintained Keurig Dr Pepper with an Overweight rating and raised the price target from $32 to $33.
  • Evercore ISI Group analyst Robert Ottenstein maintained the stock with an In-Line rating and raised the price target from $28 to $30.

Considering buying KDP stock? Here’s what analysts think:

Photo via Shutterstock