Magnetar Financial LLC Purchases New Shares in Keurig Dr Pepper, Inc $KDP

Magnetar Financial LLC purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 331,663 shares of the company’s stock, valued at approximately $8,461,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in Keurig Dr Pepper during the 2nd quarter worth $568,525,000. Vanguard Group Inc. lifted its position in shares of Keurig Dr Pepper by 9.8% during the 2nd quarter. Vanguard Group Inc. now owns 159,257,574 shares of the company’s stock valued at $5,265,055,000 after acquiring an additional 14,244,768 shares during the period. Invesco Ltd. grew its holdings in shares of Keurig Dr Pepper by 43.2% during the 2nd quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock worth $1,040,320,000 after purchasing an additional 9,494,503 shares in the last quarter. State Street Corp increased its position in shares of Keurig Dr Pepper by 11.2% in the second quarter. State Street Corp now owns 63,608,006 shares of the company’s stock worth $2,117,279,000 after purchasing an additional 6,412,494 shares during the period. Finally, Geode Capital Management LLC raised its stake in Keurig Dr Pepper by 13.5% in the second quarter. Geode Capital Management LLC now owns 30,217,363 shares of the company’s stock valued at $994,275,000 after purchasing an additional 3,595,579 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the vice president owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KDP shares. Wells Fargo & Company increased their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Piper Sandler upped their price target on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, December 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Barclays boosted their price objective on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Finally, UBS Group restated a “buy” rating and set a $36.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.40.

Keurig Dr Pepper Stock Down 0.5%

Shares of NASDAQ KDP opened at $28.04 on Wednesday. The company has a market cap of $38.10 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.52 and a beta of 0.33. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12. The stock has a 50-day moving average price of $28.41 and a two-hundred day moving average price of $27.84.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.35 billion. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company posted $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. As a group, analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a $0.23 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 60.13%.

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.