Natixis Advisors LLC Trims Stake in Keurig Dr Pepper, Inc $KDP

Natixis Advisors LLC cut its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 43.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 661,231 shares of the company’s stock after selling 504,847 shares during the period. Natixis Advisors LLC’s holdings in Keurig Dr Pepper were worth $16,868,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Keurig Dr Pepper in the second quarter valued at about $568,525,000. Vanguard Group Inc. boosted its stake in shares of Keurig Dr Pepper by 9.8% during the 2nd quarter. Vanguard Group Inc. now owns 159,257,574 shares of the company’s stock worth $5,265,055,000 after acquiring an additional 14,244,768 shares in the last quarter. Invesco Ltd. boosted its position in Keurig Dr Pepper by 43.2% during the second 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 raised its holdings in shares of Keurig Dr Pepper by 11.2% during the second quarter. State Street Corp now owns 63,608,006 shares of the company’s stock valued at $2,117,279,000 after acquiring an additional 6,412,494 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Keurig Dr Pepper by 13.5% in the second quarter. Geode Capital Management LLC now owns 30,217,363 shares of the company’s stock valued at $994,275,000 after buying an additional 3,595,579 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Insider Activity at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction dated 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 owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by company insiders.

Keurig Dr Pepper Stock Down 1.4%

Keurig Dr Pepper stock opened at $27.65 on Thursday. The stock’s 50 day moving average price is $28.41 and its 200 day moving average price is $27.84. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12. The company has a market cap of $37.57 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.51 and a beta of 0.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.The firm had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the business posted $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. On average, sell-side analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 60.13%.

Analyst Ratings Changes

KDP has been the topic of a number of analyst reports. UBS Group reaffirmed a “buy” rating and set a $36.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Barclays upped their price target on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Piper Sandler upped their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company lifted their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Ten research analysts have rated the stock with a Buy rating, six have issued 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 a consensus price target 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.