Bridgefront Capital LLC Acquires 78,490 Shares of Keurig Dr Pepper, Inc $KDP

Bridgefront Capital LLC boosted its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 740.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,093 shares of the company’s stock after purchasing an additional 78,490 shares during the quarter. Keurig Dr Pepper comprises 0.7% of Bridgefront Capital LLC’s holdings, making the stock its 11th largest holding. Bridgefront Capital LLC’s holdings in Keurig Dr Pepper were worth $2,273,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. AlphaCore Capital LLC acquired a new stake in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $26,000. Root Financial Partners LLC acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at $26,000. Clearstead Trust LLC boosted its stake in Keurig Dr Pepper by 98.3% during the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after acquiring an additional 536 shares in the last quarter. Mather Group LLC. bought a new position in Keurig Dr Pepper during the third quarter worth $30,000. Finally, SBI Securities Co. Ltd. grew its holdings in Keurig Dr Pepper by 71.7% in the third 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. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Up 1.8%

NASDAQ:KDP opened at $27.41 on Friday. 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 firm has a 50-day moving average of $28.38 and a 200-day moving average of $27.80. The company has a market cap of $37.24 billion, a PE ratio of 17.92, a PEG ratio of 1.42 and a beta of 0.33. Keurig Dr Pepper, Inc has a one year low of $25.03 and a one year high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results 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. The business had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.35 billion. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. As a group, equities research analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. Keurig Dr Pepper’s payout ratio is presently 60.13%.

Analyst Ratings Changes

Several research firms have weighed in on KDP. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Wells Fargo & Company increased their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. UBS Group restated a “buy” rating and issued a $36.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Piper Sandler boosted their target price on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, December 15th. Finally, Jefferies Financial Group lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and cut their price target for the stock from $39.00 to $32.00 in a report on Tuesday, December 16th. Ten analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average target price of $35.40.

Keurig Dr Pepper 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.