AXQ Capital LP Has $1.62 Million Position in Keurig Dr Pepper, Inc $KDP

AXQ Capital LP boosted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 45.1% in the fourth quarter, Holdings Channel reports. The firm owned 57,989 shares of the company’s stock after purchasing an additional 18,030 shares during the period. AXQ Capital LP’s holdings in Keurig Dr Pepper were worth $1,624,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC boosted its holdings in shares of Keurig Dr Pepper by 86.4% in the fourth quarter. Root Financial Partners LLC now owns 1,907 shares of the company’s stock valued at $53,000 after buying an additional 884 shares during the period. New Mexico Educational Retirement Board increased its position in shares of Keurig Dr Pepper by 1.6% during the fourth quarter. New Mexico Educational Retirement Board now owns 62,400 shares of the company’s stock worth $1,748,000 after acquiring an additional 1,000 shares in the last quarter. Ellevest Inc. bought a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $313,000. Rothschild Wealth LLC bought a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $384,000. Finally, Waterloo Capital L.P. increased its position in shares of Keurig Dr Pepper by 22.1% during the fourth quarter. Waterloo Capital L.P. now owns 11,160 shares of the company’s stock worth $313,000 after acquiring an additional 2,018 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

KDP has been the subject of several research reports. BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Wednesday, April 22nd. Wells Fargo & Company reduced their target price on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Citigroup reduced their target price on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.57.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $30.20 on Tuesday. The stock has a market cap of $41.09 billion, a P/E ratio of 22.37, a P/E/G ratio of 1.37 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The company has a fifty day moving average price of $27.69 and a two-hundred day moving average price of $28.02. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 EPS 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 analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share. As a group, equities analysts predict that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company 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. The ex-dividend date is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 68.15%.

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.