Groupama Asset Managment Acquires New Shares in Keurig Dr Pepper, Inc $KDP

Groupama Asset Managment bought a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 35,880 shares of the company’s stock, valued at approximately $1,179,000.

Several other institutional investors have also modified their holdings of the business. Mutual of America Capital Management LLC grew its stake in shares of Keurig Dr Pepper by 2.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 138,923 shares of the company’s stock worth $4,754,000 after acquiring an additional 3,977 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in Keurig Dr Pepper by 29.7% during the first quarter. Avantax Advisory Services Inc. now owns 22,278 shares of the company’s stock worth $762,000 after purchasing an additional 5,099 shares during the last quarter. LPL Financial LLC grew its position in Keurig Dr Pepper by 27.7% in the first quarter. LPL Financial LLC now owns 355,467 shares of the company’s stock valued at $12,164,000 after purchasing an additional 77,104 shares in the last quarter. Federated Hermes Inc. increased its stake in Keurig Dr Pepper by 30.2% in the 1st quarter. Federated Hermes Inc. now owns 2,093 shares of the company’s stock valued at $72,000 after buying an additional 485 shares during the last quarter. Finally, US Bancorp DE increased its stake in Keurig Dr Pepper by 3.4% in the 1st quarter. US Bancorp DE now owns 64,433 shares of the company’s stock valued at $2,205,000 after buying an additional 2,092 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Bank of America reduced their price objective on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Wells Fargo & Company upped their target price on Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Piper Sandler reduced their price target on Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. UBS Group reaffirmed a “buy” rating and set a $35.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. Finally, The Goldman Sachs Group dropped their price objective on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, October 2nd. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.27.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $27.91 on Friday. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12. The firm has a market capitalization of $37.91 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 1.75 and a beta of 0.43. The stock’s 50 day moving average price is $26.79 and its two-hundred day moving average price is $30.44. The company has a quick ratio of 0.40, a current ratio of 0.62 and a debt-to-equity ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. On average, analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s payout ratio is currently 79.31%.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.