Harris Associates discloses 6.3% Keurig Dr Pepper (KDP) holding

Rhea-AI Filing Summary

Harris Associates L.P. and its general partner, Harris Associates, Inc., filed a Schedule 13G reporting beneficial ownership of 86,269,175 shares of Keurig Dr Pepper Inc. common stock, representing 6.3% of the outstanding shares as of the event date 12/31/2025.

They report sole voting power over 80,783,128 shares and sole dispositive power over the full 86,269,175 shares, with no shared voting or dispositive power. The filing states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Keurig Dr Pepper.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Keurig Dr Pepper Inc

(Name of Issuer)

Common stock, par value $0.01

(Title of Class of Securities)

49271V100

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 49271V100

1

Names of Reporting Persons

HARRIS ASSOCIATES L P

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 80,783,128.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 86,269,175.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

86,269,175.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.3 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 49271V100

1

Names of Reporting Persons

Harris Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 80,783,128.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 86,269,175.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

86,269,175.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.3 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Keurig Dr Pepper Inc
(b)	Address of issuer's principal executive offices: 53 South Avenue, Burlington, MA, 01803 .
Item 2.
(a)	Name of person filing: Harris Associates L.P. ("Harris") Harris Associates, Inc. ("General Partner") **Harris Associates, Inc., for itself and as General Partner
(b)	Address or principal business office or, if none, residence: 111 South Wacker Drive Suite 4600, Chicago, IL 60606
(c)	Citizenship: See Item 4 on the cover page(s) hereto.
(d)	Title of class of securities: Common stock, par value $0.01
(e)	CUSIP No.: 49271V100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: By reason of advisory and other relationships with the person who owns the Shares, Harris may be deemed to be the beneficial owner of the shares specified in Item 9 on the cover page(s) hereto. Harris has been granted the power to vote Shares in circumstances it determines to be appropriate in connection with assisting its advised clients to whom it renders financial advice in the ordinary course of business, by either providing information or advice to the persons having such power, or by exercising the power to vote.
(b)	Percent of class: See Item 11 on the cover page(s) hereto.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 on the cover page(s) hereto.
	(ii) Shared power to vote or to direct the vote: See Item 6 on the cover page(s) hereto.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 on the cover page(s) hereto.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 on the cover page(s) hereto.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

HARRIS ASSOCIATES L P

Signature:	Joseph J. Allessie
Name/Title:	Joseph J. Allessie, General Counsel and Secretary
Date:	02/17/2026

Harris Associates, Inc.

Signature:	Joseph J. Allessie
Name/Title:	Joseph J. Allessie, General Counsel and Secretary
Date:	02/17/2026

FAQ

What stake in Keurig Dr Pepper (KDP) does Harris Associates report?

Harris Associates reports beneficial ownership of 86,269,175 Keurig Dr Pepper shares, representing 6.3% of the company’s common stock. This position is disclosed on a Schedule 13G, indicating a significant but passive institutional stake above the 5% reporting threshold.

How much voting power does Harris Associates have in Keurig Dr Pepper (KDP)?

Harris Associates reports sole voting power over 80,783,128 Keurig Dr Pepper shares. It reports no shared voting power, meaning voting decisions for these shares are controlled solely through Harris’s advisory relationships with its clients under the disclosed arrangements.

What type of filing did Harris Associates submit for Keurig Dr Pepper (KDP)?

Harris Associates filed a Schedule 13G regarding Keurig Dr Pepper common stock. A Schedule 13G is a beneficial ownership report typically used by institutional investors holding shares in the ordinary course of business without seeking to influence or change control of the issuer.

Is Harris Associates seeking to influence control of Keurig Dr Pepper (KDP)?

The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. It also notes the position is not in connection with any transaction intended to affect control of Keurig Dr Pepper.

Who signed the Keurig Dr Pepper (KDP) Schedule 13G for Harris Associates?

The Schedule 13G was signed by Joseph J. Allessie, General Counsel and Secretary. The signature certifies, after reasonable inquiry, that the information in the statement is true, complete, and correct as of the reported date related to the Keurig Dr Pepper holdings.

What is the event date for Harris Associates’ Keurig Dr Pepper (KDP) holdings?

The event date for the reported beneficial ownership is 12/31/2025. This date marks when the ownership level or other conditions triggered the requirement to report Harris Associates’ and Harris Associates, Inc.’s 6.3% stake in Keurig Dr Pepper on Schedule 13G.