CM Management LLC Takes $2.04 Million Position in Keurig Dr Pepper, Inc $KDP

CM Management LLC acquired a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the third quarter, HoldingsChannel.com reports. The fund acquired 80,000 shares of the company’s stock, valued at approximately $2,041,000. Keurig Dr Pepper comprises 1.7% of CM Management LLC’s holdings, making the stock its 19th largest holding.

Several other institutional investors have also added to or reduced their stakes in KDP. Asset Dedication LLC raised its position in shares of Keurig Dr Pepper by 3.8% in the second quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock valued at $262,000 after purchasing an additional 288 shares during the period. Auxier Asset Management boosted its holdings in Keurig Dr Pepper by 0.4% in the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after buying an additional 318 shares during the period. Zions Bancorporation National Association UT boosted its holdings in Keurig Dr Pepper by 1.7% in the 2nd quarter. Zions Bancorporation National Association UT now owns 23,971 shares of the company’s stock worth $792,000 after buying an additional 400 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Keurig Dr Pepper by 1.6% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 28,890 shares of the company’s stock valued at $955,000 after buying an additional 444 shares in the last quarter. Finally, Huntington National Bank raised its holdings in Keurig Dr Pepper by 8.2% during the 2nd quarter. Huntington National Bank now owns 6,094 shares of the company’s stock valued at $201,000 after acquiring an additional 463 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on KDP. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Jefferies Financial Group lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their price objective for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. UBS Group reissued a “buy” rating and set a $36.00 price objective on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Piper Sandler raised their target price on Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 15th. Finally, Barclays lifted their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.40.

Keurig Dr Pepper Stock Up 0.7%

KDP opened at $28.25 on Friday. The company has a fifty day moving average price of $28.41 and a 200-day moving average price of $27.99. The firm has a market capitalization of $38.38 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 1.52 and a beta of 0.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.43. Keurig Dr Pepper, Inc has a one year low of $25.03 and a one year high of $36.12.

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

Keurig Dr Pepper Announces Dividend

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

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the sale, the vice president owned 54,200 shares of the company’s stock, valued at $1,599,984. This trade represents a 15.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by insiders.

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.