Pitcairn Co. Trims Stock Position in Keurig Dr Pepper, Inc $KDP

Pitcairn Co. decreased its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 67.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,048 shares of the company’s stock after selling 28,899 shares during the period. Pitcairn Co.’s holdings in Keurig Dr Pepper were worth $358,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KDP. AlphaCore Capital LLC purchased a new position in Keurig Dr Pepper in the second quarter worth approximately $26,000. Root Financial Partners LLC acquired a new stake in Keurig Dr Pepper during the third quarter worth $26,000. Clearstead Trust LLC raised its position in Keurig Dr Pepper by 98.3% in the third 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 period. Mather Group LLC. acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at $30,000. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 484 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the vice president directly owned 54,200 shares in the company, valued at $1,599,984. This represents a 15.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by insiders.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $28.25 on Monday. The stock has a market capitalization of $38.38 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 1.52 and a beta of 0.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.43. The business has a 50-day moving average of $28.41 and a 200 day moving average of $27.94. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $4.50 billion for the quarter, compared to analyst estimates 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 for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. As a group, sell-side analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm 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. This represents a $0.92 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio is presently 60.13%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Piper Sandler raised their price objective on Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Barclays increased their target price on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Wells Fargo & Company lifted their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Finally, Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $35.40.

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.