OP Asset Management Ltd Invests $3.47 Million in Keurig Dr Pepper, Inc $KDP

OP Asset Management Ltd acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 131,823 shares of the company’s stock, valued at approximately $3,471,000.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Keurig Dr Pepper by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 160,958,816 shares of the company’s stock worth $4,508,456,000 after purchasing an additional 1,538,456 shares in the last quarter. State Street Corp grew its stake in Keurig Dr Pepper by 1.6% during the third quarter. State Street Corp now owns 64,594,706 shares of the company’s stock worth $1,662,361,000 after buying an additional 986,700 shares during the period. Wellington Management Group LLP grew its stake in Keurig Dr Pepper by 37.0% during the fourth quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock worth $1,596,664,000 after buying an additional 15,393,753 shares during the period. Geode Capital Management LLC increased its position in shares of Keurig Dr Pepper by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 31,802,056 shares of the company’s stock worth $887,021,000 after acquiring an additional 1,187,457 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter worth $727,667,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $33.48 on Friday. The firm has a fifty day simple moving average of $29.66 and a 200-day simple moving average of $28.50. The company has a market capitalization of $45.56 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.49 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 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 released its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $7.23 billion. During the same quarter in the previous year, the firm posted $0.42 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 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, July 10th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 2.7%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 68.15%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Evercore set a $30.00 price objective on Keurig Dr Pepper in a research report on Friday, April 24th. Wells Fargo & Company reduced their price objective on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. JPMorgan Chase & Co. upped their target price 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, Deutsche Bank Aktiengesellschaft decreased their target price 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. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $32.40.

Keurig Dr Pepper Company 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.