Florida Trust Wealth Management Co Cuts Position in Keurig Dr Pepper, Inc $KDP

Florida Trust Wealth Management Co decreased its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 15.3% in the 4th quarter, Holdings Channel reports. The firm owned 227,255 shares of the company’s stock after selling 41,164 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Keurig Dr Pepper were worth $6,365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in shares of Keurig Dr Pepper by 68.0% during the 4th quarter. Signaturefd LLC now owns 11,143 shares of the company’s stock worth $312,000 after acquiring an additional 4,509 shares in the last quarter. Savvy Advisors Inc. purchased a new position in Keurig Dr Pepper in the 4th quarter valued at approximately $377,000. Perpetual Ltd raised its holdings in Keurig Dr Pepper by 3.9% during the fourth quarter. Perpetual Ltd now owns 918,260 shares of the company’s stock worth $25,720,000 after purchasing an additional 34,225 shares during the last quarter. Cromwell Holdings LLC raised its holdings in Keurig Dr Pepper by 279.7% during the fourth quarter. Cromwell Holdings LLC now owns 4,499 shares of the company’s stock worth $126,000 after purchasing an additional 3,314 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Keurig Dr Pepper by 107.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,215 shares of the company’s stock worth $34,000 after purchasing an additional 628 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KDP has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Jefferies Financial Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. Wells Fargo & Company increased their price objective on shares of 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 raised their target price on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $34.36.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $25.31 on Friday. The stock has a fifty day moving average of $28.02 and a two-hundred day moving average of $27.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.43 and a current ratio of 0.64. The company has a market capitalization of $34.39 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.28 and a beta of 0.35. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $36.12.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a $0.23 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.92 annualized dividend and a yield of 3.6%. Keurig Dr Pepper’s payout ratio is 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.