Keurig Dr Pepper, Inc $KDP Holdings Raised by AXQ Capital LP

AXQ Capital LP boosted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 45.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,989 shares of the company’s stock after buying an additional 18,030 shares during the quarter. AXQ Capital LP’s holdings in Keurig Dr Pepper were worth $1,624,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Auxier Asset Management raised its holdings in shares of Keurig Dr Pepper by 0.4% during the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after purchasing an additional 318 shares in the last quarter. Park Avenue Securities LLC grew its stake in Keurig Dr Pepper by 3.0% in the 4th quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock valued at $383,000 after buying an additional 405 shares during the last quarter. BOKF NA grew its stake in Keurig Dr Pepper by 44.1% in the 3rd quarter. BOKF NA now owns 1,388 shares of the company’s stock valued at $35,000 after buying an additional 425 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after buying an additional 484 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in Keurig Dr Pepper by 0.9% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 57,687 shares of the company’s stock valued at $1,472,000 after buying an additional 493 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 0.6%

Shares of KDP stock opened at $30.20 on Tuesday. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94. The company has a market capitalization of $41.09 billion, a P/E ratio of 22.37, a P/E/G ratio of 1.37 and a beta of 0.41. The firm has a 50-day moving average price of $27.69 and a 200 day moving average price of $28.02. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) 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 period last year, the firm posted $0.42 EPS. The firm’s quarterly revenue 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 business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. Keurig Dr Pepper’s payout ratio is currently 68.15%.

Analyst Ratings Changes

KDP has been the topic of several research analyst reports. UBS Group raised their price target on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Citigroup decreased their price target on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Barclays raised their price target on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, April 27th. Wells Fargo & Company decreased their price target on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, Evercore set a $30.00 price target on shares of Keurig Dr Pepper in a research report on Friday, April 24th. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $31.57.

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.