Rafferty Asset Management LLC Acquires 101,522 Shares of Keurig Dr Pepper, Inc $KDP

Rafferty Asset Management LLC raised its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 21.8% during the third quarter, Holdings Channel reports. The institutional investor owned 567,372 shares of the company’s stock after buying an additional 101,522 shares during the quarter. Rafferty Asset Management LLC’s holdings in Keurig Dr Pepper were worth $14,474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KDP. Asset Dedication LLC boosted its position in shares of Keurig Dr Pepper by 3.8% during the second quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock worth $262,000 after purchasing an additional 288 shares in the last quarter. Auxier Asset Management increased its stake in shares of Keurig Dr Pepper by 0.4% during the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after purchasing an additional 318 shares during the last quarter. NewSquare Capital LLC lifted its holdings in Keurig Dr Pepper by 94.1% during the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after purchasing an additional 386 shares during the last quarter. Zions Bancorporation National Association UT boosted its holdings in shares of Keurig Dr Pepper by 1.7% during the second quarter. Zions Bancorporation National Association UT now owns 23,971 shares of the company’s stock worth $792,000 after acquiring an additional 400 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of Keurig Dr Pepper by 1.6% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 28,890 shares of the company’s stock valued at $955,000 after acquiring an additional 444 shares during the period. Institutional investors own 93.99% of the company’s stock.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction on Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the transaction, the vice president owned 54,200 shares in the company, valued at approximately $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $30.28 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.51. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12. The company has a 50-day simple moving average of $28.33 and a two-hundred day simple moving average of $28.15. The firm has a market cap of $41.14 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.63 and a beta of 0.33.

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

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio is currently 60.13%.

Wall Street Analyst Weigh In

Several equities analysts have commented on KDP shares. Barclays raised their target price on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Wells Fargo & Company boosted their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Jefferies Financial Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.00 to $32.00 in a research report on Tuesday, December 16th. Finally, UBS Group restated a “buy” rating and issued a $36.00 target price on shares of Keurig Dr Pepper in a research note on Thursday. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.40.

Keurig Dr Pepper Company 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.