Wealth Enhancement Advisory Services LLC Has $7.17 Million Holdings in Keurig Dr Pepper, Inc $KDP

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 149.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 262,358 shares of the company’s stock after purchasing an additional 157,343 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Keurig Dr Pepper were worth $7,173,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of KDP. State Street Corp boosted its position in Keurig Dr Pepper by 1.6% in the 3rd quarter. State Street Corp now owns 64,594,706 shares of the company’s stock valued at $1,662,361,000 after buying an additional 986,700 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Keurig Dr Pepper by 43.2% during the second quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock valued at $1,040,320,000 after acquiring an additional 9,494,503 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in 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 valued at $524,459,000 after acquiring an additional 182,341 shares during the last quarter. Norges Bank acquired a new stake in Keurig Dr Pepper in the second quarter worth about $568,525,000. Finally, Bank of America Corp DE raised its holdings 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 last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KDP. Piper Sandler raised their target price on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. 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. Wells Fargo & Company lifted their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Finally, Barclays upped 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 research report on Thursday, February 26th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.40.

Keurig Dr Pepper Stock Down 0.2%

Keurig Dr Pepper stock opened at $26.23 on Friday. The company has a 50 day moving average of $28.21 and a 200-day moving average of $27.65. The stock has a market capitalization of $35.64 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.36 and a beta of 0.33. 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 twelve month low of $25.03 and a twelve month high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data 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. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.The company had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the company earned $0.58 EPS. Keurig Dr Pepper’s revenue for the quarter 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, equities research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

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