Keurig Dr Pepper, Inc $KDP Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lessened its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 935,907 shares of the company’s stock after selling 18,247 shares during the period. Brandywine Global Investment Management LLC’s holdings in Keurig Dr Pepper were worth $26,215,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. O Shaughnessy Asset Management LLC increased its position in Keurig Dr Pepper by 10.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,002 shares of the company’s stock worth $1,148,000 after buying an additional 3,992 shares during the period. Clearbridge Investments LLC increased its position in Keurig Dr Pepper by 77.5% during the fourth quarter. Clearbridge Investments LLC now owns 3,025,695 shares of the company’s stock worth $84,750,000 after buying an additional 1,321,096 shares during the period. Syon Capital LLC increased its position in Keurig Dr Pepper by 61.0% during the fourth quarter. Syon Capital LLC now owns 23,339 shares of the company’s stock worth $654,000 after buying an additional 8,845 shares during the period. Capital International Sarl increased its position in Keurig Dr Pepper by 16.3% during the fourth quarter. Capital International Sarl now owns 184,369 shares of the company’s stock worth $5,164,000 after buying an additional 25,833 shares during the period. Finally, Capital International Inc. CA increased its position in Keurig Dr Pepper by 32.1% during the fourth quarter. Capital International Inc. CA now owns 1,374,337 shares of the company’s stock worth $38,495,000 after buying an additional 334,090 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 0.7%

Shares of KDP stock opened at $30.75 on Tuesday. The business’s 50 day moving average is $28.09 and its two-hundred day moving average is $28.14. 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 $41.84 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 1.39 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 return on equity of 10.51% and a net margin of 10.81%.The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same period last year, the business posted $0.42 EPS. The company’s revenue was up 9.4% on a year-over-year basis. Equities analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a $0.23 dividend. The ex-dividend date 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 68.15%.

Wall Street Analyst Weigh In

Several research firms have commented on KDP. JPMorgan Chase & Co. lifted their price target on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. UBS Group lifted their price target on Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Zacks Research downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Barclays lifted their target price 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, Wells Fargo & Company lowered their target price on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.