Candriam S.C.A. Increases Stock Position in Keurig Dr Pepper, Inc $KDP

Candriam S.C.A. increased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 33.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 160,562 shares of the company’s stock after buying an additional 40,158 shares during the period. Candriam S.C.A.’s holdings in Keurig Dr Pepper were worth $4,228,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. T. Rowe Price Investment Management Inc. bought a new stake in Keurig Dr Pepper during the 4th quarter valued at $727,667,000. Norges Bank bought a new position in shares of Keurig Dr Pepper in the fourth quarter worth $568,361,000. Capital International Investors boosted its holdings in shares of Keurig Dr Pepper by 1,987.4% in the fourth quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock worth $472,193,000 after acquiring an additional 16,050,437 shares during the period. Wellington Management Group LLP grew its position in shares of Keurig Dr Pepper by 37.0% in the fourth quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock valued at $1,596,664,000 after purchasing an additional 15,393,753 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Keurig Dr Pepper by 285.3% in the fourth quarter. AQR Capital Management LLC now owns 11,636,027 shares of the company’s stock valued at $325,925,000 after purchasing an additional 8,615,869 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Down 1.3%

Shares of KDP stock opened at $31.25 on Tuesday. The company has a market capitalization of $42.52 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.45 and a beta of 0.40. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $35.94. The business’s fifty day moving average is $30.63 and its 200 day moving average is $28.77. 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 (NASDAQ:KDP) last posted its earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. On average, equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 68.15%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KDP shares. Deutsche Bank Aktiengesellschaft dropped their price objective on 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 Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a report on Wednesday, April 22nd. Zacks Research cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. JPMorgan Chase & Co. increased 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. Finally, Citigroup cut their price objective on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $32.47.

Keurig Dr Pepper 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.