Keurig Dr Pepper, Inc $KDP Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 3.9% during the 4th quarter, Holdings Channel reports. The firm owned 31,802,056 shares of the company’s stock after buying an additional 1,187,457 shares during the period. Geode Capital Management LLC’s holdings in Keurig Dr Pepper were worth $887,021,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KDP. Marshall Wace LLP lifted its position in shares of Keurig Dr Pepper by 1,546.0% during the third 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 in the last quarter. Man Group plc increased its position in shares of Keurig Dr Pepper by 4,084.2% during the third quarter. Man Group plc now owns 2,411,713 shares of the company’s stock worth $61,523,000 after acquiring an additional 2,354,075 shares during the period. Voloridge Investment Management LLC increased its position in shares of Keurig Dr Pepper by 2,129.0% during the third quarter. Voloridge Investment Management LLC now owns 2,374,879 shares of the company’s stock worth $60,583,000 after acquiring an additional 2,268,336 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Keurig Dr Pepper by 90.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 4,161,158 shares of the company’s stock worth $115,597,000 after acquiring an additional 1,973,269 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of Keurig Dr Pepper by 1,538.4% during the third quarter. Two Sigma Investments LP now owns 1,788,162 shares of the company’s stock worth $45,616,000 after acquiring an additional 1,679,023 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $30.03 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94. The firm has a market capitalization of $40.86 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.37 and a beta of 0.41. The stock’s 50-day simple moving average is $27.63 and its 200-day simple moving average is $27.98.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm 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 revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.42 EPS. As a group, equities research analysts forecast that Keurig Dr Pepper, Inc will post 2.29 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, July 10th. Investors of record on Friday, June 26th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend 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 a number of analyst reports. Barclays boosted their price objective on Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. boosted their price objective on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Wells Fargo & Company lowered their price objective on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, UBS Group boosted their price objective on Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.