Bridgefront Capital LLC Purchases 78,490 Shares of Keurig Dr Pepper, Inc $KDP

Bridgefront Capital LLC boosted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 740.3% in the third quarter, HoldingsChannel reports. The firm owned 89,093 shares of the company’s stock after buying an additional 78,490 shares during the quarter. Keurig Dr Pepper accounts for about 0.7% of Bridgefront Capital LLC’s holdings, making the stock its 11th largest holding. Bridgefront Capital LLC’s holdings in Keurig Dr Pepper were worth $2,273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $562,000. Bank of Nova Scotia lifted its holdings in Keurig Dr Pepper by 1,070.2% during the third quarter. Bank of Nova Scotia now owns 1,566,663 shares of the company’s stock worth $39,966,000 after acquiring an additional 1,432,788 shares during the period. Aquatic Capital Management LLC purchased a new position in Keurig Dr Pepper in the third quarter worth $35,035,000. 44 Wealth Management LLC increased its position in shares of Keurig Dr Pepper by 17.9% during the 3rd quarter. 44 Wealth Management LLC now owns 31,627 shares of the company’s stock valued at $807,000 after purchasing an additional 4,809 shares during the last quarter. Finally, Polar Asset Management Partners Inc. bought a new stake in Keurig Dr Pepper in the third quarter worth about $2,551,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on KDP shares. Barclays increased their target price on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. UBS Group reissued a “buy” rating and set a $36.00 price objective on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Wells Fargo & Company boosted 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. Finally, Piper Sandler increased their price target on Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 15th. Ten research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.40.

Keurig Dr Pepper Trading Up 1.8%

NASDAQ:KDP opened at $27.41 on Friday. The company has a market cap of $37.24 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.42 and a beta of 0.33. The stock’s fifty day moving average price is $28.38 and its two-hundred day moving average price is $27.80. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $36.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.43.

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

Keurig Dr Pepper Announces Dividend

The company 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 dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 annualized dividend and a yield of 3.4%. Keurig Dr Pepper’s payout ratio is currently 60.13%.

Keurig Dr Pepper Company 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.