Landscape Capital Management L.L.C. Raises Position in Keurig Dr Pepper, Inc $KDP

Landscape Capital Management L.L.C. increased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 1,399.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 194,777 shares of the company’s stock after purchasing an additional 181,790 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Keurig Dr Pepper were worth $5,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Auxier Asset Management raised its position in Keurig Dr Pepper by 0.4% in the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after purchasing an additional 318 shares during the period. Rossby Financial LCC grew its holdings in Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after acquiring an additional 339 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Keurig Dr Pepper by 3.0% in the 4th quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock worth $383,000 after acquiring an additional 405 shares during the last quarter. Transamerica Financial Advisors LLC grew its holdings in Keurig Dr Pepper by 19.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock worth $72,000 after acquiring an additional 420 shares during the last quarter. Finally, BOKF NA grew its holdings in Keurig Dr Pepper by 44.1% in the 3rd quarter. BOKF NA now owns 1,388 shares of the company’s stock worth $35,000 after acquiring an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 1.5%

NASDAQ:KDP opened at $31.71 on Friday. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94. 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’s 50-day simple moving average is $28.52 and its 200 day simple moving average is $28.25. The firm has a market capitalization of $43.14 billion, a P/E ratio of 23.49, a PEG ratio of 1.45 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 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 2.9%. Keurig Dr Pepper’s payout ratio is presently 68.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KDP shares. Deutsche Bank Aktiengesellschaft cut their price target 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. BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Wednesday, April 22nd. JPMorgan Chase & Co. raised their price target on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Sanford C. Bernstein started coverage on shares of Keurig Dr Pepper in a report on Thursday. They issued an “outperform” rating and a $38.00 price target on the stock. Finally, Wells Fargo & Company cut their price target on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.00.

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.