Keurig Dr Pepper, Inc $KDP Shares Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 63.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 68,682 shares of the company’s stock after purchasing an additional 26,591 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Keurig Dr Pepper were worth $1,924,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Candriam S.C.A. increased its holdings in Keurig Dr Pepper by 50.9% in the third quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock valued at $9,634,000 after buying an additional 127,389 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Keurig Dr Pepper by 290.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock valued at $1,475,000 after purchasing an additional 39,156 shares during the period. Elo Mutual Pension Insurance Co grew its position in shares of Keurig Dr Pepper by 83.7% in the third quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock valued at $5,228,000 after purchasing an additional 93,374 shares during the period. Ossiam grew its position in shares of Keurig Dr Pepper by 508.0% in the third quarter. Ossiam now owns 726,288 shares of the company’s stock valued at $18,528,000 after purchasing an additional 606,826 shares during the period. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Keurig Dr Pepper in the third quarter valued at about $2,551,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

KDP has been the topic of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a research report on Friday, April 24th. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a research report on Wednesday, April 22nd. Six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Hold” and a consensus price target of $31.57.

Keurig Dr Pepper Stock Performance

KDP opened at $31.70 on Thursday. The firm has a market capitalization of $43.13 billion, a PE ratio of 23.48, a PEG ratio of 1.44 and a beta of 0.41. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The firm’s 50-day moving average price is $28.30 and its 200 day moving average price is $28.20. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72.

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. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. Keurig Dr Pepper’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 earnings per share. As a group, sell-side analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 2.9%. Keurig Dr Pepper’s payout ratio is presently 68.15%.

Keurig Dr Pepper 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.