Groupama Asset Managment Has $317,000 Stock Position in Keurig Dr Pepper, Inc $KDP

Groupama Asset Managment lowered its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 65.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,425 shares of the company’s stock after selling 23,455 shares during the quarter. Groupama Asset Managment’s holdings in Keurig Dr Pepper were worth $317,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AustralianSuper Pty Ltd acquired a new position in shares of Keurig Dr Pepper during the third quarter worth about $1,217,000. Bank of New York Mellon Corp grew its holdings in shares of Keurig Dr Pepper by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock worth $202,221,000 after buying an additional 223,160 shares in the last quarter. Candriam S.C.A. raised its position in Keurig Dr Pepper by 50.9% in the 3rd 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 during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Keurig Dr Pepper by 69.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company’s stock valued at $2,660,000 after acquiring an additional 43,223 shares in the last quarter. Finally, National Pension Service lifted its stake in Keurig Dr Pepper by 3.0% in the 3rd quarter. National Pension Service now owns 2,031,297 shares of the company’s stock valued at $51,818,000 after acquiring an additional 58,594 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KDP shares. Piper Sandler raised 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. Jefferies Financial Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and cut their price objective for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. UBS Group restated a “buy” rating and set a $36.00 target price on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Barclays lifted their price target on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.40.

Keurig Dr Pepper Trading Down 2.1%

NASDAQ KDP opened at $26.59 on Friday. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average of $28.35 and a 200-day moving average of $27.73. The company has a market cap of $36.13 billion, a PE ratio of 17.38, a PEG ratio of 1.38 and a beta of 0.33.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous year, the company earned $0.58 earnings per share. 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. On average, equities research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company 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. The ex-dividend date is Friday, March 27th. This represents a $0.92 annualized dividend and a dividend yield of 3.5%. Keurig Dr Pepper’s payout ratio is currently 60.13%.

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.