Keurig Dr Pepper, Inc $KDP Shares Bought by Sendero Wealth Management LLC

Sendero Wealth Management LLC grew its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 31.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 318,802 shares of the company’s stock after buying an additional 76,886 shares during the period. Keurig Dr Pepper accounts for 1.0% of Sendero Wealth Management LLC’s holdings, making the stock its 18th biggest holding. Sendero Wealth Management LLC’s holdings in Keurig Dr Pepper were worth $8,930,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. 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 worth $1,662,361,000 after purchasing an additional 986,700 shares in the last quarter. Invesco Ltd. boosted its holdings in Keurig Dr Pepper by 43.2% in the 2nd quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock valued at $1,040,320,000 after purchasing an additional 9,494,503 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Keurig Dr Pepper by 0.9% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,558,966 shares of the company’s stock valued at $524,459,000 after purchasing an additional 182,341 shares in the last quarter. Norges Bank acquired a new position in Keurig Dr Pepper during the 2nd quarter worth approximately $568,525,000. Finally, Bank of America Corp DE increased its position in Keurig Dr Pepper by 8.8% during the 2nd 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 during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KDP. Wells Fargo & Company raised their price target on 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 reaffirmed a “buy” rating and set a $36.00 price objective on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Jefferies Financial Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. Finally, Barclays upped their price target on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Ten 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.40.

Keurig Dr Pepper Stock Performance

KDP opened at $26.27 on Friday. The stock has a market cap of $35.69 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.37 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. The stock’s 50 day simple moving average is $28.23 and its 200 day simple moving average is $27.66. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued 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. The firm 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 was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 earnings per share. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. As a group, equities analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders 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 dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s payout ratio is 60.13%.

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.