Munich Reinsurance Co Stock Corp in Munich Buys New Holdings in Keurig Dr Pepper, Inc $KDP

Munich Reinsurance Co Stock Corp in Munich bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,538,588 shares of the company’s stock, valued at approximately $39,249,000.

Other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC lifted its stake in Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in Keurig Dr Pepper during the second quarter worth approximately $26,000. Root Financial Partners LLC purchased a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Keurig Dr Pepper by 102,300.0% in the 2nd 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 in the last quarter. Finally, Clearstead Trust LLC grew its position in shares of Keurig Dr Pepper by 98.3% in the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after buying an additional 536 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Angela A. Stephens sold 10,000 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the transaction, the vice president owned 54,200 shares in the company, valued at $1,599,984. This trade represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $28.25 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.43 and a current ratio of 0.64. Keurig Dr Pepper, Inc has a one year low of $25.03 and a one year high of $36.12. The firm has a market capitalization of $38.38 billion, a P/E ratio of 18.46, a PEG ratio of 1.51 and a beta of 0.33. The company’s fifty day moving average is $28.41 and its two-hundred day moving average is $28.04.

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

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 annualized dividend and a yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio is 60.13%.

Analyst Ratings Changes

Several research firms have issued reports on KDP. UBS Group restated a “buy” rating and issued a $36.00 price objective on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Piper Sandler upped their target price on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, December 15th. Jefferies Financial Group downgraded Keurig Dr Pepper from a “buy” rating to a “hold” rating and dropped their price target for the stock from $39.00 to $32.00 in a research note on Tuesday, December 16th. Barclays lifted their price target on Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Finally, Wells Fargo & Company boosted their price objective 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. Ten analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average 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.