RWC Asset Management LLP Has $35.56 Million Stake in Keurig Dr Pepper, Inc $KDP

RWC Asset Management LLP trimmed its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 3.2% during the 4th quarter, HoldingsChannel reports. The firm owned 1,269,368 shares of the company’s stock after selling 42,367 shares during the quarter. Keurig Dr Pepper accounts for 1.7% of RWC Asset Management LLP’s investment portfolio, making the stock its 15th biggest holding. RWC Asset Management LLP’s holdings in Keurig Dr Pepper were worth $35,555,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter worth $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Keurig Dr Pepper by 102,300.0% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after buying an additional 1,023 shares during the period. Clearstead Trust LLC lifted its stake in Keurig Dr Pepper by 98.3% in the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after acquiring an additional 536 shares in the last quarter. Activest Wealth Management boosted its position in Keurig Dr Pepper by 5,642.1% during the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after acquiring an additional 1,072 shares during the period. Finally, Washington Trust Advisors Inc. purchased a new position in Keurig Dr Pepper during the 4th quarter valued at about $31,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Zacks Research downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Citigroup decreased their target price on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Hold” and a consensus target price of $31.57.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $30.53 on Monday. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. 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, Inc has a 12-month low of $24.88 and a 12-month high of $35.94. The company has a 50 day moving average price of $28.00 and a two-hundred day moving average price of $28.11.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter last year, the firm earned $0.42 EPS. Keurig Dr Pepper’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

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

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.