35,800 Shares in Keurig Dr Pepper, Inc $KDP Bought by Pensionfund Sabic

Pensionfund Sabic acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 35,800 shares of the company’s stock, valued at approximately $1,003,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Keurig Dr Pepper in the 2nd quarter valued at approximately $568,525,000. Invesco Ltd. increased its position in Keurig Dr Pepper by 43.2% during the 2nd quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock worth $1,040,320,000 after purchasing an additional 9,494,503 shares in the last quarter. State Street Corp increased its position in Keurig Dr Pepper by 11.2% during the 2nd quarter. State Street Corp now owns 63,608,006 shares of the company’s stock worth $2,117,279,000 after purchasing an additional 6,412,494 shares in the last quarter. Ilex Capital Partners UK LLP lifted its stake in Keurig Dr Pepper by 166.3% in the 2nd quarter. Ilex Capital Partners UK LLP now owns 4,533,660 shares of the company’s stock valued at $149,883,000 after purchasing an additional 2,831,078 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in Keurig Dr Pepper by 1,546.0% in the 3rd quarter. Marshall Wace LLP now owns 2,937,129 shares of the company’s stock valued at $74,926,000 after purchasing an additional 2,758,685 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KDP shares. Wells Fargo & Company boosted their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Jefferies Financial Group cut Keurig Dr Pepper from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. Piper Sandler raised their price objective on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Finally, Barclays upped their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.40.

Keurig Dr Pepper Trading Up 0.6%

Shares of NASDAQ KDP opened at $26.37 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.43 and a current ratio of 0.64. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $36.12. The firm has a 50 day moving average price of $28.26 and a two-hundred day moving average price of $27.67. The stock has a market cap of $35.83 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.36 and a beta of 0.33.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the business earned $0.58 earnings per share. Keurig Dr Pepper’s revenue was up 10.6% compared to the same quarter last year. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. As a group, equities analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 annualized dividend and a yield of 3.5%. Keurig Dr Pepper’s payout ratio is presently 60.13%.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.