Barclays PLC Has $135.92 Million Position in Keurig Dr Pepper, Inc $KDP

Barclays PLC lowered its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 24.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,852,643 shares of the company’s stock after selling 1,587,398 shares during the period. Barclays PLC’s holdings in Keurig Dr Pepper were worth $135,923,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC bought a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of 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 raised its position in shares of 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. Rossby Financial LCC raised its position in shares of Keurig Dr Pepper by 45.1% during the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after acquiring an additional 339 shares during the last quarter. Finally, Activest Wealth Management increased its holdings in Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after purchasing an additional 1,072 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $31.77 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. The stock has a 50 day simple moving average of $28.65 and a 200 day simple moving average of $28.29. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $35.94. The firm has a market capitalization of $43.22 billion, a PE ratio of 23.53, a P/E/G ratio of 1.45 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 (EPS) 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 business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the firm earned $0.42 EPS. Keurig Dr Pepper’s quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts predict that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a $0.23 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 2.9%. Keurig Dr Pepper’s payout ratio is currently 68.15%.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of recent analyst reports. Citigroup dropped their price objective on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft dropped their price objective on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. Wells Fargo & Company dropped their price objective on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Evercore set a $30.00 price objective on Keurig Dr Pepper in a report on Friday, April 24th. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Hold” and an average price target of $32.00.

Keurig Dr Pepper 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.