Natixis Advisors LLC Decreases Holdings in Keurig Dr Pepper, Inc $KDP

Natixis Advisors LLC reduced its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 43.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 661,231 shares of the company’s stock after selling 504,847 shares during the period. Natixis Advisors LLC’s holdings in Keurig Dr Pepper were worth $16,868,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Korea Investment CORP grew its holdings in Keurig Dr Pepper by 1.3% in the third quarter. Korea Investment CORP now owns 992,654 shares of the company’s stock valued at $25,323,000 after purchasing an additional 12,445 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter worth $39,249,000. First Trust Advisors LP boosted its position in shares of Keurig Dr Pepper by 24.6% in the 3rd quarter. First Trust Advisors LP now owns 3,101,586 shares of the company’s stock worth $79,121,000 after buying an additional 612,533 shares in the last quarter. Chapman Financial Group LLC acquired a new stake in Keurig Dr Pepper in the 3rd quarter valued at about $487,000. Finally, Gabelli Funds LLC grew its stake in Keurig Dr Pepper by 2.1% in the 3rd quarter. Gabelli Funds LLC now owns 147,000 shares of the company’s stock valued at $3,750,000 after acquiring an additional 3,000 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Keurig Dr Pepper

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KDP shares. Wells Fargo & Company lifted their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Jefferies Financial Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $32.00 in a research report on Tuesday, December 16th. Piper Sandler raised their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 15th. UBS Group restated a “buy” rating and set a $36.00 price objective on shares of Keurig Dr Pepper in a research report on Thursday, February 26th. 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.40.

Keurig Dr Pepper Trading Down 1.4%

Shares of KDP stock opened at $27.65 on Thursday. The company has a market capitalization of $37.57 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.51 and a beta of 0.33. 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 50-day moving average price of $28.41 and a 200 day moving average price of $27.84. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $36.12.

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, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.35 billion. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. Research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal 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 given a dividend of $0.23 per share. The ex-dividend date is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 60.13%.

Keurig Dr Pepper Profile

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.