PKO Investment Management Joint Stock Co Buys New Stake in Keurig Dr Pepper, Inc $KDP

PKO Investment Management Joint Stock Co purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,000 shares of the company’s stock, valued at approximately $790,000.

Several other large investors have also recently added to or reduced their stakes in KDP. Northwestern Mutual Wealth Management Co. boosted its holdings in Keurig Dr Pepper by 290.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock worth $1,475,000 after acquiring an additional 39,156 shares during the period. Elo Mutual Pension Insurance Co raised its stake in shares of Keurig Dr Pepper by 83.7% during 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 lifted its position in shares of Keurig Dr Pepper by 508.0% during the third quarter. Ossiam now owns 726,288 shares of the company’s stock worth $18,528,000 after purchasing an additional 606,826 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in shares of Keurig Dr Pepper during the third quarter worth $2,551,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Keurig Dr Pepper by 47.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock valued at $5,030,000 after purchasing an additional 57,797 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group raised their price target on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Zacks Research downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Citigroup dropped their target price on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. boosted their price target on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.00.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $30.87 on Wednesday. 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 company has a fifty day simple moving average of $29.27 and a 200 day simple moving average of $28.42. The firm has a market cap of $42.00 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 1.41 and a beta of 0.41. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same period in the prior year, the company posted $0.42 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, June 26th. 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.