Vanguard Capital Management Acquires 7.33% Stake in Keurig Dr Pepper Inc

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G disclosing a new substantial ownership position in Keurig Dr Pepper Inc (KDP). As of the event date on March 31, 2026, Vanguard reported beneficial ownership of 99,658,889 shares of common stock, representing a 7.33% stake in the company. The filing indicates that Vanguard holds sole dispositive power over all 99,658,889 shares, while maintaining sole voting power over 13,693,189 shares. The position was acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This filing reflects the aggregate holdings of Vanguard Capital Management LLC and several affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. No other single person's interest in these securities exceeds 5% of the class. This initial filing marks a significant increase from the previously reported 0% ownership level, establishing Vanguard as a major institutional shareholder in the beverage company.