Hsbc Holdings PLC Boosts Position in Keurig Dr Pepper, Inc $KDP

Hsbc Holdings PLC boosted its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 8.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,675,575 shares of the company’s stock after purchasing an additional 282,406 shares during the quarter. Hsbc Holdings PLC’s holdings in Keurig Dr Pepper were worth $103,120,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Reflection Asset Management purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter worth approximately $35,000. Tobam grew its position in shares of Keurig Dr Pepper by 21.3% in the 4th quarter. Tobam now owns 194,766 shares of the company’s stock valued at $5,455,000 after buying an additional 34,177 shares during the last quarter. Wick Capital Partners LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter worth $220,000. DGS Capital Management LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter worth $209,000. Finally, Kera Capital Partners Inc. acquired a new stake in Keurig Dr Pepper during the 4th quarter worth $511,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. UBS Group upped their price objective on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, April 24th. 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. boosted their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Keurig Dr Pepper has an average rating of “Hold” and a consensus target price of $32.00.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $30.76 on Monday. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average is $29.09 and its two-hundred day moving average is $28.38. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The firm has a market capitalization of $41.85 billion, a PE ratio of 22.79, a P/E/G ratio of 1.41 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. Research analysts anticipate 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. Shareholders of record on Friday, June 26th will be given a $0.23 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio is presently 68.15%.

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.