Healthcare of Ontario Pension Plan Trust Fund Acquires 25,510 Shares of Keurig Dr Pepper, Inc $KDP

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,142,760 shares of the company’s stock after acquiring an additional 25,510 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.08% of Keurig Dr Pepper worth $32,009,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new stake in shares of Keurig Dr Pepper in the fourth quarter worth about $26,000. Clearstead Trust LLC increased 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 worth $28,000 after acquiring an additional 536 shares in the last quarter. Activest Wealth Management increased 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 worth $31,000 after acquiring an additional 1,072 shares in the last quarter. Washington Trust Advisors Inc. bought a new stake in shares of Keurig Dr Pepper in the fourth quarter worth about $31,000. Finally, Rossby Financial LCC increased its holdings in shares of Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after acquiring an additional 339 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Up 0.2%

KDP stock opened at $31.77 on Tuesday. 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 business has a 50 day moving average price of $28.65 and a two-hundred day moving average price of $28.29. The company has a market cap of $43.22 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 1.45 and a beta of 0.41. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last posted 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. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The business’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. Analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 68.15%.

Analysts Set New Price Targets

A number of research firms recently issued reports on KDP. JPMorgan Chase & Co. increased their price objective on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. UBS Group lifted their target price on Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft dropped their target price on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Evercore set a $30.00 target price on Keurig Dr Pepper in a research report on Friday, April 24th. Finally, 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 research report on Wednesday, April 8th. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $32.00.

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.