Anchor Capital Advisors LLC Grows Stock Position in Keurig Dr Pepper, Inc $KDP

Anchor Capital Advisors LLC increased its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 13.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,297,998 shares of the company’s stock after buying an additional 157,438 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Keurig Dr Pepper were worth $36,357,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Salomon & Ludwin LLC purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter worth approximately $26,000. Clearstead Trust LLC grew its position in 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 acquiring an additional 536 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in Keurig Dr Pepper by 71.7% in the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 484 shares during the period. Activest Wealth Management lifted its position in shares of Keurig Dr Pepper by 5,642.1% during the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after purchasing an additional 1,072 shares during the last quarter. Finally, Washington Trust Advisors Inc. bought a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $31,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Up 0.5%

NASDAQ KDP opened at $30.36 on Wednesday. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.94. The company has a 50 day moving average price of $27.69 and a 200 day moving average price of $28.02. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. The firm has a market cap of $41.31 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.38 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter last year, the firm earned $0.42 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 68.15%.

Analysts Set New Price Targets

KDP has been the subject of several research reports. Barclays boosted their price objective on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, April 27th. Evercore set a $30.00 price target on Keurig Dr Pepper in a research note on Friday, April 24th. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Hold” and a consensus target price of $31.57.

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.