Natixis Advisors LLC Acquires 785,510 Shares of Keurig Dr Pepper, Inc $KDP

Natixis Advisors LLC increased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 118.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,446,741 shares of the company’s stock after purchasing an additional 785,510 shares during the period. Natixis Advisors LLC’s holdings in Keurig Dr Pepper were worth $40,523,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC purchased a new position in shares of Keurig Dr Pepper in the fourth quarter worth about $26,000. Clearstead Trust LLC grew its position in Keurig Dr Pepper by 98.3% during the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after acquiring an additional 536 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 484 shares during the period. Activest Wealth Management increased its stake in Keurig Dr Pepper by 5,642.1% in the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after purchasing an additional 1,072 shares during the period. Finally, Washington Trust Advisors Inc. bought a new stake in Keurig Dr Pepper in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KDP shares. Wells Fargo & Company dropped their price objective on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. JPMorgan Chase & Co. increased their price target on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. UBS Group boosted their price objective on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.57.

Keurig Dr Pepper Stock Up 0.6%

Shares of Keurig Dr Pepper stock opened at $30.55 on Thursday. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The company’s fifty day simple moving average is $27.84 and its two-hundred day simple moving average is $28.07. The company has a market cap of $41.57 billion, a P/E ratio of 22.63, a PEG ratio of 1.39 and a beta of 0.41. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. Research analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio is currently 68.15%.

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.