Pensionfund Sabic Buys New Position in Keurig Dr Pepper, Inc $KDP

Pensionfund Sabic bought a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,800 shares of the company’s stock, valued at approximately $1,003,000.

Other hedge funds have also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd bought a new stake in Keurig Dr Pepper during the third quarter valued at $1,217,000. Bank of New York Mellon Corp raised its position in shares of Keurig Dr Pepper by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock worth $202,221,000 after acquiring an additional 223,160 shares in the last quarter. Candriam S.C.A. raised its position in shares of Keurig Dr Pepper by 50.9% in the 3rd quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock worth $9,634,000 after acquiring an additional 127,389 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Keurig Dr Pepper by 69.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company’s stock valued at $2,660,000 after purchasing an additional 43,223 shares during the period. Finally, National Pension Service lifted its stake in shares of Keurig Dr Pepper by 3.0% in the 3rd quarter. National Pension Service now owns 2,031,297 shares of the company’s stock valued at $51,818,000 after purchasing an additional 58,594 shares during the period. Institutional investors own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

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

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $26.37 on Thursday. The business has a 50-day simple moving average of $28.26 and a 200 day simple moving average of $27.67. Keurig Dr Pepper, Inc has a one year low of $25.03 and a one year high of $36.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.43. The firm has a market capitalization of $35.83 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.36 and a beta of 0.33.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $4.35 billion. During the same quarter in the prior year, the company earned $0.58 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. On average, research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share 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. Investors of record on Friday, March 27th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 60.13%.

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.