CIBC Private Wealth Group LLC Lowers Position in Keurig Dr Pepper, Inc $KDP

CIBC Private Wealth Group LLC trimmed its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 42.9% during the third quarter, HoldingsChannel reports. The fund owned 101,607 shares of the company’s stock after selling 76,456 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Keurig Dr Pepper were worth $2,592,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in KDP. NewEdge Advisors LLC lifted its position in Keurig Dr Pepper by 30.6% in the first quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock valued at $530,000 after purchasing an additional 3,627 shares during the period. Empowered Funds LLC increased its position in Keurig Dr Pepper by 248.0% during the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after purchasing an additional 49,741 shares during the period. Woodline Partners LP raised its stake in shares of Keurig Dr Pepper by 49.2% during the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after buying an additional 33,258 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $328,000. Finally, Creative Planning lifted its holdings in shares of Keurig Dr Pepper by 28.3% in the 2nd quarter. Creative Planning now owns 94,806 shares of the company’s stock valued at $3,134,000 after buying an additional 20,909 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $26.59 on Friday. The stock has a market cap of $36.13 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.38 and a beta of 0.33. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The company’s 50-day moving average price is $28.35 and its 200 day moving average price is $27.73. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the firm posted $0.58 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. As a group, research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 60.13%.

Analysts Set New Price Targets

A number of analysts recently weighed in on KDP shares. Wells Fargo & Company lifted their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Barclays increased their price objective on Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. UBS Group reissued a “buy” rating and issued a $36.00 target price on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Jefferies Financial Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. Finally, Piper Sandler upped their price target on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 15th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.40.

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.