Alberta Investment Management Corp Boosts Holdings in Keurig Dr Pepper, Inc $KDP

Alberta Investment Management Corp grew its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 71.5% in the fourth quarter, HoldingsChannel reports. The fund owned 239,800 shares of the company’s stock after buying an additional 100,000 shares during the quarter. Alberta Investment Management Corp’s holdings in Keurig Dr Pepper were worth $6,717,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of KDP. Vanguard Group Inc. grew its holdings in Keurig Dr Pepper by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 160,958,816 shares of the company’s stock valued at $4,508,456,000 after purchasing an additional 1,538,456 shares during the period. State Street Corp raised its stake in Keurig Dr Pepper by 1.6% during the third quarter. State Street Corp now owns 64,594,706 shares of the company’s stock worth $1,662,361,000 after purchasing an additional 986,700 shares during the period. Geode Capital Management LLC raised its stake in Keurig Dr Pepper by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 31,802,056 shares of the company’s stock worth $887,021,000 after purchasing an additional 1,187,457 shares during the period. Morgan Stanley boosted its holdings in shares of Keurig Dr Pepper by 3.0% in the 4th quarter. Morgan Stanley now owns 25,357,596 shares of the company’s stock valued at $710,266,000 after purchasing an additional 730,864 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Keurig Dr Pepper by 3.3% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,247,485 shares of the company’s stock valued at $595,142,000 after purchasing an additional 688,519 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on KDP shares. Zacks Research downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Sanford C. Bernstein initiated coverage on Keurig Dr Pepper in a report on Thursday, June 11th. They issued an “outperform” rating and a $38.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Evercore set a $30.00 price target on Keurig Dr Pepper in a research note on Friday, April 24th. Finally, Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $32.00.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $32.00 on Wednesday. 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 company has a market cap of $43.54 billion, a PE ratio of 23.70, a P/E/G ratio of 1.45 and a beta of 0.41. The company’s fifty day simple moving average is $28.79 and its 200-day simple moving average is $28.32. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $7.23 billion. During the same period in the prior year, the company earned $0.42 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 EPS 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. Stockholders of record on Friday, June 26th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 2.9%. Keurig Dr Pepper’s dividend payout ratio is presently 68.15%.

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.