Keurig Dr Pepper, Inc $KDP Shares Purchased by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. boosted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 93.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,448 shares of the company’s stock after purchasing an additional 18,618 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Keurig Dr Pepper were worth $984,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Asset Dedication LLC grew its position in shares of Keurig Dr Pepper by 3.8% during the second quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock worth $262,000 after buying an additional 288 shares in the last quarter. Auxier Asset Management raised its holdings in Keurig Dr Pepper by 0.4% in the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after acquiring an additional 318 shares in the last quarter. Zions Bancorporation National Association UT raised its holdings in Keurig Dr Pepper by 1.7% in the second quarter. Zions Bancorporation National Association UT now owns 23,971 shares of the company’s stock valued at $792,000 after acquiring an additional 400 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Keurig Dr Pepper by 1.6% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 28,890 shares of the company’s stock worth $955,000 after acquiring an additional 444 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in Keurig Dr Pepper by 71.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after acquiring an additional 484 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KDP shares. Barclays raised their price objective on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. UBS Group reissued a “buy” rating and issued a $36.00 target price on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Wells Fargo & Company lifted their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Piper Sandler increased their price objective on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average price target of $35.40.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $28.25 on Monday. The stock’s 50-day moving average is $28.41 and its two-hundred day moving average is $27.94. 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 1 year low of $25.03 and a 1 year high of $36.12. The firm has a market cap of $38.38 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 1.52 and a beta of 0.33.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.35 billion. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 EPS. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. Keurig Dr Pepper’s payout ratio is currently 60.13%.

Insiders Place Their Bets

In other news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction that occurred 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 sale, the vice president directly owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. This represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

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.