AXQ Capital LP Purchases New Holdings in Keurig Dr Pepper, Inc $KDP

AXQ Capital LP purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 39,959 shares of the company’s stock, valued at approximately $1,019,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AustralianSuper Pty Ltd bought a new position in Keurig Dr Pepper during the third quarter worth about $1,217,000. Bank of New York Mellon Corp lifted its position in shares of Keurig Dr Pepper by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock valued at $202,221,000 after buying an additional 223,160 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of Keurig Dr Pepper by 14.0% during the 2nd quarter. State of Michigan Retirement System now owns 369,300 shares of the company’s stock worth $12,209,000 after acquiring an additional 45,400 shares during the period. Candriam S.C.A. boosted its stake in shares of Keurig Dr Pepper by 50.9% during the 3rd quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock worth $9,634,000 after acquiring an additional 127,389 shares during the period. Finally, ProShare Advisors LLC increased its holdings in shares of Keurig Dr Pepper by 7.0% during the 2nd quarter. ProShare Advisors LLC now owns 2,134,176 shares of the company’s stock worth $70,556,000 after acquiring an additional 140,012 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $29.77 on Tuesday. The firm has a market cap of $40.44 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 2.14 and a beta of 0.34. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. The stock’s fifty day moving average price is $28.14 and its two-hundred day moving average price is $28.27. Keurig Dr Pepper, Inc has a one year low of $25.03 and a one year high of $36.12.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors 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 3.1%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s payout ratio is 79.31%.

Wall Street Analyst Weigh In

KDP has been the subject of several research reports. Piper Sandler raised their price target on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Jefferies Financial Group cut shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and cut their target price for the stock from $39.00 to $32.00 in a research note on Tuesday, December 16th. UBS Group reiterated a “buy” rating and issued a $35.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Wells Fargo & Company increased their price target on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Finally, Barclays boosted their price objective on Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.87.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the vice president directly owned 54,200 shares in the company, valued at $1,599,984. This represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

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.