Munich Reinsurance Co Stock Corp in Munich Takes Position in Keurig Dr Pepper, Inc $KDP

Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,538,588 shares of the company’s stock, valued at approximately $39,249,000. Munich Reinsurance Co Stock Corp in Munich owned 0.11% of Keurig Dr Pepper as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC raised its holdings in shares of Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after acquiring an additional 386 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Keurig Dr Pepper in the second quarter worth approximately $26,000. Root Financial Partners LLC purchased a new stake in shares of Keurig Dr Pepper during the third quarter worth approximately $26,000. Clearstead Trust LLC raised its stake in Keurig Dr Pepper by 98.3% in the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after purchasing an additional 536 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in Keurig Dr Pepper in the 3rd quarter valued at $30,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on KDP shares. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $32.00 in a report on Tuesday, December 16th. Barclays increased their price target on Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. UBS Group reissued a “buy” rating and set a $36.00 price objective on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Wells Fargo & Company upped their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.40.

Keurig Dr Pepper Stock Up 0.7%

Shares of KDP opened at $28.25 on Friday. The company’s 50-day moving average price is $28.41 and its 200 day moving average price is $28.04. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51. The firm has a market cap of $38.38 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 1.51 and a beta of 0.33.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.35 billion. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. On average, sell-side analysts forecast that Keurig Dr Pepper, Inc will post 1.92 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, April 10th. Investors of record on Friday, March 27th will be paid 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 yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio is presently 60.13%.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the transaction, the vice president directly owned 54,200 shares of the company’s stock, valued at $1,599,984. The trade was a 15.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is owned by company insiders.

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.