BNP Paribas Financial Markets Increases Stock Holdings in Keurig Dr Pepper, Inc $KDP

BNP Paribas Financial Markets grew its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 48.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,303,137 shares of the company’s stock after buying an additional 1,400,424 shares during the quarter. BNP Paribas Financial Markets’ holdings in Keurig Dr Pepper were worth $120,531,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Candriam S.C.A. increased its position in shares of Keurig Dr Pepper by 50.9% in the third 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 in the last quarter. Elo Mutual Pension Insurance Co increased its position in shares of Keurig Dr Pepper by 83.7% in the third quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock valued at $5,228,000 after buying an additional 93,374 shares in the last quarter. National Pension Service increased its position in shares of Keurig Dr Pepper by 3.0% in the third quarter. National Pension Service now owns 2,031,297 shares of the company’s stock valued at $51,818,000 after buying an additional 58,594 shares in the last quarter. Ossiam increased its position in shares of Keurig Dr Pepper by 508.0% in the third quarter. Ossiam now owns 726,288 shares of the company’s stock valued at $18,528,000 after buying an additional 606,826 shares in the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Keurig Dr Pepper in the third quarter valued at $2,551,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $30.03 on Monday. The firm has a 50-day moving average price of $27.63 and a 200 day moving average price of $27.99. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The company has a market capitalization of $40.86 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 1.37 and a beta of 0.41. 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 announced its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the previous year, the company posted $0.42 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts forecast that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a $0.23 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 3.1%. Keurig Dr Pepper’s payout ratio is 68.15%.

Wall Street Analyst Weigh In

KDP has been the subject of a number of research analyst reports. BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a research report on Wednesday, April 22nd. Wells Fargo & Company cut their target price on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Zacks Research downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Citigroup cut their target price on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Hold” and a consensus price target of $31.57.

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.