LGT Fund Management Co Ltd. Increases Holdings in Keurig Dr Pepper, Inc $KDP

LGT Fund Management Co Ltd. boosted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 93.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,448 shares of the company’s stock after buying an additional 18,618 shares during the period. LGT Fund Management Co Ltd.’s holdings in Keurig Dr Pepper were worth $984,000 at the end of the most recent quarter.

Several other large investors also recently 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 2nd quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock valued at $262,000 after acquiring an additional 288 shares during the last quarter. Auxier Asset Management increased its position in Keurig Dr Pepper by 0.4% during the second 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. Zions Bancorporation National Association UT raised its stake in 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 purchasing an additional 400 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in Keurig Dr Pepper by 1.6% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 28,890 shares of the company’s stock valued at $955,000 after purchasing an additional 444 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in shares of Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after buying an additional 484 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KDP has been the topic of a number of recent analyst reports. Barclays upped their price objective on Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Piper Sandler increased their price target on Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, December 15th. UBS Group restated a “buy” rating and issued a $36.00 price objective on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Finally, Jefferies Financial Group downgraded 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 note on Tuesday, December 16th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.40.

Keurig Dr Pepper Price Performance

KDP stock opened at $28.25 on Monday. The business’s fifty day moving average price is $28.41 and its 200 day moving average price is $27.94. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $38.38 billion, a PE ratio of 18.46, a P/E/G ratio of 1.52 and a beta of 0.33.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio is presently 60.13%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the vice president directly owned 54,200 shares in the company, valued at $1,599,984. This represents a 15.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by company insiders.

About Keurig Dr Pepper

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.