Bank of New York Mellon Corp Has $209.15 Million Position in Keurig Dr Pepper, Inc $KDP

Bank of New York Mellon Corp reduced its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 5.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,466,924 shares of the company’s stock after selling 460,220 shares during the quarter. Bank of New York Mellon Corp’s holdings in Keurig Dr Pepper were worth $209,149,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in KDP. Norges Bank acquired a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $568,361,000. Marshall Wace LLP lifted its holdings in Keurig Dr Pepper by 1,546.0% during the 3rd quarter. Marshall Wace LLP now owns 2,937,129 shares of the company’s stock worth $74,926,000 after purchasing an additional 2,758,685 shares during the last quarter. Man Group plc lifted its holdings in Keurig Dr Pepper by 4,084.2% during the 3rd quarter. Man Group plc now owns 2,411,713 shares of the company’s stock worth $61,523,000 after purchasing an additional 2,354,075 shares during the last quarter. Voloridge Investment Management LLC lifted its holdings in Keurig Dr Pepper by 2,129.0% during the 3rd quarter. Voloridge Investment Management LLC now owns 2,374,879 shares of the company’s stock worth $60,583,000 after purchasing an additional 2,268,336 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in Keurig Dr Pepper by 90.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 4,161,158 shares of the company’s stock worth $115,597,000 after purchasing an additional 1,973,269 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $30.53 on Friday. The stock’s fifty day moving average price is $28.00 and its two-hundred day moving average price is $28.10. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The firm has a market cap of $41.54 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.37 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same quarter last year, the company earned $0.42 EPS. The company’s revenue was up 9.4% on a year-over-year basis. As a group, research analysts expect that Keurig Dr Pepper, Inc will post 2.29 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, July 10th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 68.15%.

Analyst Upgrades and Downgrades

KDP has been the subject of several research reports. Zacks Research cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. BNP Paribas Exane raised Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their price target on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Evercore set a $30.00 price target on Keurig Dr Pepper in a report on Friday, April 24th. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.57.

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.