NorthCrest Asset Manangement LLC Purchases New Position in Keurig Dr Pepper, Inc $KDP

NorthCrest Asset Manangement LLC acquired a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 30,757 shares of the company’s stock, valued at approximately $840,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Street Corp lifted its stake in shares of Keurig Dr Pepper by 1.6% in the 3rd quarter. State Street Corp now owns 64,594,706 shares of the company’s stock valued at $1,662,361,000 after purchasing an additional 986,700 shares during the last quarter. Invesco Ltd. increased its position in shares of Keurig Dr Pepper by 43.2% during the 2nd quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock valued at $1,040,320,000 after purchasing an additional 9,494,503 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Keurig Dr Pepper by 0.9% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,558,966 shares of the company’s stock valued at $524,459,000 after buying an additional 182,341 shares during the period. Norges Bank purchased a new stake in Keurig Dr Pepper during the 2nd quarter valued at $568,525,000. Finally, Bank of America Corp DE lifted its position in Keurig Dr Pepper by 8.8% in the second quarter. Bank of America Corp DE now owns 11,231,214 shares of the company’s stock worth $371,304,000 after buying an additional 904,585 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

KDP stock opened at $26.21 on Wednesday. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $36.12. The firm has a market cap of $35.61 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.37 and a beta of 0.33. The business’s fifty day simple moving average is $28.30 and its two-hundred day simple moving average is $27.68. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.51.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $4.50 billion during 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 was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 earnings per share. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. Analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s payout ratio is 60.13%.

Analyst Upgrades and Downgrades

Several research firms have commented on KDP. Wells Fargo & Company lifted their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Barclays raised 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 report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Piper Sandler upped their price target on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Finally, UBS Group reissued a “buy” rating and issued a $36.00 price objective on shares of Keurig Dr Pepper in a research report on Thursday, February 26th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the 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.

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.