DoubleLine ETF Adviser LP Takes Position in Keurig Dr Pepper, Inc $KDP

DoubleLine ETF Adviser LP purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 72,536 shares of the company’s stock, valued at approximately $1,850,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Keurig Dr Pepper by 9.8% during the second quarter. Vanguard Group Inc. now owns 159,257,574 shares of the company’s stock worth $5,265,055,000 after purchasing an additional 14,244,768 shares during the period. State Street Corp boosted its holdings in Keurig Dr Pepper by 11.2% in the 2nd quarter. State Street Corp now owns 63,608,006 shares of the company’s stock worth $2,117,279,000 after buying an additional 6,412,494 shares during the period. Invesco Ltd. grew its stake in Keurig Dr Pepper by 43.2% in the 2nd quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock valued at $1,040,320,000 after buying an additional 9,494,503 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Keurig Dr Pepper by 0.9% during the 3rd 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 period. Finally, Norges Bank bought a new stake in Keurig Dr Pepper during the 2nd quarter valued at $568,525,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

KDP has been the subject of several recent research reports. Piper Sandler lifted their price target 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. UBS Group reissued a “buy” rating and set a $36.00 price objective on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Jefferies Financial Group lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $32.00 in a report on Tuesday, December 16th. Finally, Barclays increased their price target on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.40.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $27.41 on Friday. The firm has a market capitalization of $37.24 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 1.42 and a beta of 0.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.43 and a current ratio of 0.64. The stock has a fifty day moving average of $28.38 and a 200 day moving average of $27.80. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.35 billion. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. On average, 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 paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 60.13%.

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.