Prudential PLC Raises Holdings in Keurig Dr Pepper, Inc $KDP

Prudential PLC boosted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 101.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 632,676 shares of the company’s stock after acquiring an additional 318,803 shares during the period. Prudential PLC’s holdings in Keurig Dr Pepper were worth $17,721,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Vise Technologies Inc. boosted its position in shares of Keurig Dr Pepper by 116.9% during the 4th quarter. Vise Technologies Inc. now owns 24,534 shares of the company’s stock worth $687,000 after acquiring an additional 13,223 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Keurig Dr Pepper by 11.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 455,290 shares of the company’s stock worth $12,752,000 after acquiring an additional 45,680 shares in the last quarter. State of Wyoming acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth about $831,000. Sivia Capital Partners LLC acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth about $259,000. Finally, Lido Advisors LLC boosted its position in shares of Keurig Dr Pepper by 6.5% during the 4th quarter. Lido Advisors LLC now owns 51,393 shares of the company’s stock worth $1,386,000 after acquiring an additional 3,148 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KDP. Wells Fargo & Company lowered their price objective on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on 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. UBS Group upped their price objective on Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. upped their price objective on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Evercore set a $30.00 price objective on Keurig Dr Pepper in a research report on Friday, April 24th. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.57.

Keurig Dr Pepper Stock Down 1.6%

Shares of NASDAQ KDP opened at $30.06 on Friday. The stock has a market cap of $40.90 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.40 and a beta of 0.41. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $35.94. The business has a 50-day moving average price of $27.92 and a 200 day moving average price of $28.09.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm 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 business’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. Equities research analysts forecast that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.1%. Keurig Dr Pepper’s dividend payout ratio is 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.