Keurig Dr Pepper, Inc $KDP Shares Acquired by Kepler Cheuvreux Suisse SA

Kepler Cheuvreux Suisse SA raised its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 27.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 203,274 shares of the company’s stock after buying an additional 43,901 shares during the quarter. Kepler Cheuvreux Suisse SA’s holdings in Keurig Dr Pepper were worth $5,352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC purchased a new position in Keurig Dr Pepper in the 4th quarter worth $26,000. Activest Wealth Management lifted its holdings in Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after acquiring an additional 1,072 shares during the period. Washington Trust Advisors Inc. acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at $31,000. Rossby Financial LCC boosted its stake in shares of Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after acquiring an additional 339 shares in the last quarter. Finally, GW&K Investment Management LLC raised its holdings in Keurig Dr Pepper by 67.6% in the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock worth $31,000 after purchasing an additional 451 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $33.30 on Friday. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94. The firm has a market cap of $45.31 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 1.52 and a beta of 0.40. The company has a 50-day moving average of $30.34 and a two-hundred day moving average of $28.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $7.23 billion. During the same period in the previous year, the firm earned $0.42 EPS. The business’s revenue was up 9.4% on a year-over-year basis. On average, analysts predict that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Announces Dividend

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 issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 68.15%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Wednesday, April 22nd. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Zacks Research downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Citigroup lowered their price objective on 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. Finally, Sanford C. Bernstein assumed coverage on Keurig Dr Pepper in a research note on Thursday, June 11th. They set an “outperform” rating and a $38.00 target price for the company. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $32.40.

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.