NorthCrest Asset Manangement LLC Buys New Shares in Keurig Dr Pepper, Inc $KDP

NorthCrest Asset Manangement LLC bought a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 30,757 shares of the company’s stock, valued at approximately $840,000.

A number of other institutional investors have also bought and sold shares of KDP. State Street Corp raised its holdings in Keurig Dr Pepper by 1.6% during the third quarter. State Street Corp now owns 64,594,706 shares of the company’s stock valued at $1,662,361,000 after acquiring an additional 986,700 shares during the period. Invesco Ltd. boosted its stake in shares of Keurig Dr Pepper by 43.2% in the second quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock worth $1,040,320,000 after acquiring an additional 9,494,503 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Keurig Dr Pepper by 0.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,558,966 shares of the company’s stock worth $524,459,000 after acquiring an additional 182,341 shares during the period. Norges Bank purchased a new stake in shares of Keurig Dr Pepper during the second quarter worth about $568,525,000. Finally, Bank of America Corp DE grew its position in shares of Keurig Dr Pepper by 8.8% during the second quarter. Bank of America Corp DE now owns 11,231,214 shares of the company’s stock worth $371,304,000 after purchasing an additional 904,585 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of research analyst reports. Piper Sandler boosted 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. Wells Fargo & Company increased their price objective 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. UBS Group reiterated a “buy” rating and set a $36.00 price objective on shares of Keurig Dr Pepper in a research report on Thursday, February 26th. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and lowered their target price for the stock from $39.00 to $32.00 in a report on Tuesday, December 16th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.40.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $26.21 on Wednesday. The stock has a 50 day moving average of $28.30 and a 200 day moving average of $27.68. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12. The firm has a market cap of $35.61 billion, a PE ratio of 17.13, a PEG ratio of 1.37 and a beta of 0.33. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51.

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 analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.35 billion. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. On average, research analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.5%. Keurig Dr Pepper’s dividend payout ratio is presently 60.13%.

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.