Keurig Dr Pepper, Inc $KDP Shares Bought by Capital International Sarl

Capital International Sarl boosted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,369 shares of the company’s stock after acquiring an additional 25,833 shares during the quarter. Capital International Sarl’s holdings in Keurig Dr Pepper were worth $5,164,000 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. Salomon & Ludwin LLC acquired a new stake in Keurig Dr Pepper during the fourth quarter worth $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Keurig Dr Pepper by 102,300.0% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after acquiring an additional 1,023 shares during the last quarter. Clearstead Trust LLC increased its stake in Keurig Dr Pepper by 98.3% during the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after acquiring an additional 536 shares during the last quarter. Activest Wealth Management increased its stake in Keurig Dr Pepper by 5,642.1% during the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after acquiring an additional 1,072 shares during the last quarter. Finally, Washington Trust Advisors Inc. acquired a new stake in Keurig Dr Pepper during the fourth quarter worth $31,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analysts Set New Price Targets

KDP has been the subject of several recent analyst reports. Wells Fargo & Company cut their target price on 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. Zacks Research cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Barclays lifted their price objective on Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, April 27th. Finally, JPMorgan Chase & Co. lifted their price objective on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.57.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $30.53 on Monday. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $28.00 and a 200-day simple moving average of $28.11. The stock has a market capitalization of $41.54 billion, a PE ratio of 22.61, a PEG ratio of 1.39 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share. On average, equities analysts forecast that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors 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 dividend on an annualized basis and a yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 68.15%.

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.