Tobam Grows Holdings in Keurig Dr Pepper, Inc $KDP

Tobam lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 21.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 194,766 shares of the company’s stock after buying an additional 34,177 shares during the quarter. Keurig Dr Pepper accounts for approximately 1.3% of Tobam’s portfolio, making the stock its 25th biggest position. Tobam’s holdings in Keurig Dr Pepper were worth $5,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in Keurig Dr Pepper by 290.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock valued at $1,475,000 after buying an additional 39,156 shares in the last quarter. Elo Mutual Pension Insurance Co grew its position in shares of Keurig Dr Pepper by 83.7% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock worth $5,228,000 after acquiring an additional 93,374 shares in the last quarter. Ossiam increased its holdings in shares of Keurig Dr Pepper by 508.0% in the 3rd quarter. Ossiam now owns 726,288 shares of the company’s stock valued at $18,528,000 after acquiring an additional 606,826 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of Keurig Dr Pepper during the 3rd quarter valued at approximately $2,551,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Keurig Dr Pepper by 47.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock valued at $5,030,000 after acquiring an additional 57,797 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $30.76 on Friday. The company has a 50-day simple moving average of $29.09 and a 200-day simple moving average of $28.38. The firm has a market capitalization of $41.85 billion, a P/E ratio of 22.79, a P/E/G ratio of 1.41 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. 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 issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. Keurig Dr Pepper’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.42 EPS. As a group, equities analysts expect that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.0%. Keurig Dr Pepper’s payout ratio is currently 68.15%.

Wall Street Analyst Weigh In

Several research firms have weighed in on KDP. Sanford C. Bernstein began coverage on shares of Keurig Dr Pepper in a research note on Thursday, June 11th. They set an “outperform” rating and a $38.00 target price for the company. BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Wednesday, April 22nd. Wells Fargo & Company lowered their price objective on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a report on Friday, April 24th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Hold” and an average target price of $32.00.

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.