PKO Investment Management Joint Stock Co Invests $790,000 in Keurig Dr Pepper, Inc $KDP

PKO Investment Management Joint Stock Co purchased a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the first quarter, according to its most recent filing with the SEC. The fund purchased 30,000 shares of the company’s stock, valued at approximately $790,000.

Several other institutional investors and hedge funds have also made changes to their positions in KDP. Fortem Financial Group LLC acquired a new position in Keurig Dr Pepper in the first quarter worth $209,000. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Keurig Dr Pepper by 15.2% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 100,272 shares of the company’s stock worth $2,640,000 after purchasing an additional 13,197 shares during the period. Hsbc Holdings PLC lifted its position in shares of Keurig Dr Pepper by 8.3% in the 4th quarter. Hsbc Holdings PLC now owns 3,675,575 shares of the company’s stock worth $103,120,000 after buying an additional 282,406 shares during the last quarter. Stance Capital LLC lifted its position in shares of Keurig Dr Pepper by 45,491.6% in the 4th quarter. Stance Capital LLC now owns 103,037 shares of the company’s stock worth $2,886,000 after buying an additional 102,811 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Keurig Dr Pepper by 144.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 17,841 shares of the company’s stock valued at $500,000 after buying an additional 10,549 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KDP. Citigroup lowered their price objective on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft decreased their target price on 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. Zacks Research lowered Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, BNP Paribas Exane raised Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a report on Wednesday, April 22nd. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Hold” and an average price target of $32.00.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $30.87 on Wednesday. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94. The company has a market cap of $42.00 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 1.41 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. The firm has a fifty day moving average of $29.27 and a 200-day moving average of $28.42.

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

Keurig Dr Pepper Dividend Announcement

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

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.