Nisa Investment Advisors LLC Has $2.23 Million Holdings in Keurig Dr Pepper, Inc $KDP

Nisa Investment Advisors LLC grew its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 75.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 79,022 shares of the company’s stock after purchasing an additional 34,083 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Keurig Dr Pepper were worth $2,232,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of KDP. State Street Corp lifted its holdings in Keurig Dr Pepper by 1.6% in the third quarter. State Street Corp now owns 64,594,706 shares of the company’s stock valued at $1,662,361,000 after buying an additional 986,700 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew 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 worth $524,459,000 after acquiring an additional 182,341 shares during the period. Bank of America Corp DE raised its position in shares of Keurig Dr Pepper by 8.8% during the 2nd quarter. Bank of America Corp DE now owns 11,231,214 shares of the company’s stock valued at $371,304,000 after acquiring an additional 904,585 shares during the last quarter. Legal & General Group Plc raised its position in shares of Keurig Dr Pepper by 7.0% during the 3rd quarter. Legal & General Group Plc now owns 8,725,332 shares of the company’s stock valued at $222,582,000 after acquiring an additional 569,469 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Keurig Dr Pepper by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock valued at $202,221,000 after purchasing an additional 223,160 shares during the period. 93.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Wells Fargo & Company upped their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Piper Sandler raised their target price on Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, December 15th. Barclays boosted their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Finally, UBS Group reaffirmed a “buy” rating and issued a $36.00 price target on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.36.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $25.31 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.43 and a current ratio of 0.64. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $36.12. The firm’s 50 day moving average price is $28.02 and its two-hundred day moving average price is $27.60. The firm has a market cap of $34.39 billion, a P/E ratio of 16.54, a PEG ratio of 1.28 and a beta of 0.35.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The company had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. On average, analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio is 60.13%.

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.