Keurig Dr Pepper, Inc $KDP Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. grew its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,256,874 shares of the company’s stock after acquiring an additional 106,757 shares during the quarter. Goldman Sachs Group Inc. owned about 0.53% of Keurig Dr Pepper worth $203,265,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Salomon & Ludwin LLC acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $26,000. Clearstead Trust LLC boosted its holdings in shares of Keurig Dr Pepper by 98.3% in the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after acquiring an additional 536 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of Keurig Dr Pepper by 71.7% in 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. Activest Wealth Management boosted its holdings in shares of Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after acquiring an additional 1,072 shares during the period. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $31,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KDP shares. BNP Paribas Exane raised Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Wednesday, April 22nd. Evercore set a $30.00 price objective on Keurig Dr Pepper in a report on Friday, April 24th. UBS Group increased their price objective on Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, April 24th. Zacks Research cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Hold” and a consensus target price of $31.57.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $30.53 on Friday. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The business has a 50 day simple moving average of $28.00 and a 200-day simple moving average of $28.10. The stock has a market capitalization of $41.54 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.39 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.Keurig Dr Pepper’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 earnings per share. Equities analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio is 68.15%.

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.