Keurig Dr Pepper, Inc $KDP Shares Sold by KBC Group NV

KBC Group NV decreased its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 36.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 326,801 shares of the company’s stock after selling 184,553 shares during the quarter. KBC Group NV’s holdings in Keurig Dr Pepper were worth $8,604,000 as of its most recent SEC filing.

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

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $30.20 on Thursday. The firm has a 50-day simple moving average of $30.87 and a 200-day simple moving average of $28.89. 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 stock has a market capitalization of $41.09 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.38 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.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results 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 net margin of 10.81% and a return on equity of 10.51%. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the business posted $0.42 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on KDP shares. JPMorgan Chase & Co. boosted their target price on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. UBS Group raised their price target on shares of Keurig Dr Pepper from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Barclays upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $30.00 to $36.00 in a research report on Thursday, June 25th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $33.07.

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.