Keurig Dr. Pepper, Inc. exceeded analyst expectations with fourth-quarter earnings of $4.5 billion, reflecting a 10.5% year-over-year increase in net sales. The company is preparing to divide into two focused entities, Beverage Co and Global Coffee Co, as it projects 2026 sales between $25.9 billion and $26.4 billion. In response to these results, Barclays has raised its price target for the company to $32, highlighting continued confidence in its strong financial health and expected contributions from its acquisition of JDE Peet's.