Keurig Dr Pepper, Inc $KDP Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 18.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 41,609,591 shares of the company’s stock after selling 9,355,938 shares during the period. Wellington Management Group LLP owned about 3.06% of Keurig Dr Pepper worth $1,061,461,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Asset Dedication LLC boosted its position in shares of Keurig Dr Pepper by 3.8% in the 2nd quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock valued at $262,000 after purchasing an additional 288 shares during the period. Auxier Asset Management boosted its holdings in shares of Keurig Dr Pepper by 0.4% in the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after buying an additional 318 shares during the period. BOKF NA increased its position in shares of Keurig Dr Pepper by 44.1% in the third quarter. BOKF NA now owns 1,388 shares of the company’s stock worth $35,000 after acquiring an additional 425 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Keurig Dr Pepper by 1.6% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 28,890 shares of the company’s stock worth $955,000 after acquiring an additional 444 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Keurig Dr Pepper by 71.7% during the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after acquiring an additional 484 shares during the period. 93.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Keurig Dr Pepper Stock Up 1.8%

Keurig Dr Pepper stock opened at $27.41 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12. The firm’s fifty day simple moving average is $28.38 and its 200-day simple moving average is $27.81. The company has a market capitalization of $37.24 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.40 and a beta of 0.33.

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 analysts’ consensus estimates 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 firm had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the prior year, the company posted $0.58 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 10.6% on a year-over-year basis. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. Sell-side analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 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.