1,373,371 Shares in Keurig Dr Pepper, Inc $KDP Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC acquired a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the third quarter, HoldingsChannel.com reports. The firm acquired 1,373,371 shares of the company’s stock, valued at approximately $35,035,000. Keurig Dr Pepper makes up about 0.7% of Aquatic Capital Management LLC’s holdings, making the stock its 25th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in Keurig Dr Pepper during the second quarter worth about $568,525,000. Vanguard Group Inc. grew its stake in Keurig Dr Pepper by 9.8% in the second quarter. Vanguard Group Inc. now owns 159,257,574 shares of the company’s stock valued at $5,265,055,000 after purchasing an additional 14,244,768 shares in the last quarter. Invesco Ltd. grew its stake in Keurig Dr Pepper by 43.2% in the second quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock valued at $1,040,320,000 after purchasing an additional 9,494,503 shares in the last quarter. State Street Corp increased its position in shares of Keurig Dr Pepper by 11.2% during the 2nd quarter. State Street Corp now owns 63,608,006 shares of the company’s stock worth $2,117,279,000 after purchasing an additional 6,412,494 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Keurig Dr Pepper by 404.3% during the 2nd quarter. Franklin Resources Inc. now owns 3,852,030 shares of the company’s stock worth $127,348,000 after purchasing an additional 3,088,121 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $27.41 on Friday. The stock has a market cap of $37.24 billion, a PE ratio of 17.92, a P/E/G ratio of 1.42 and a beta of 0.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.43 and a current ratio of 0.64. The firm has a 50-day moving average of $28.38 and a 200-day moving average of $27.80. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.35 billion. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. Keurig Dr Pepper’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. On average, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

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 given a dividend of $0.23 per share. The ex-dividend date is Friday, March 27th. This represents a $0.92 annualized dividend and a yield of 3.4%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 60.13%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and lowered their target price for the stock from $39.00 to $32.00 in a report on Tuesday, December 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Barclays boosted their price objective on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. UBS Group reaffirmed a “buy” rating and issued a $36.00 target price on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Finally, Wells Fargo & Company raised their target price on shares of 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 equities 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.