Keurig Dr Pepper, Inc $KDP Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp boosted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 71.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 239,800 shares of the company’s stock after acquiring an additional 100,000 shares during the period. Alberta Investment Management Corp’s holdings in Keurig Dr Pepper were worth $6,717,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Keurig Dr Pepper by 1.0% in the 4th 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 last quarter. State Street Corp raised its position in Keurig Dr Pepper by 1.6% in the third quarter. State Street Corp now owns 64,594,706 shares of the company’s stock valued at $1,662,361,000 after purchasing an additional 986,700 shares during the period. Wellington Management Group LLP lifted its stake in Keurig Dr Pepper by 37.0% during the fourth quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock worth $1,596,664,000 after purchasing an additional 15,393,753 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 buying an additional 1,187,457 shares during the period. Finally, Morgan Stanley boosted its position in shares of Keurig Dr Pepper by 3.0% during the fourth quarter. Morgan Stanley now owns 25,357,596 shares of the company’s stock worth $710,266,000 after buying an additional 730,864 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KDP. Sanford C. Bernstein began coverage on Keurig Dr Pepper in a research report on Thursday, June 11th. They issued an “outperform” rating and a $38.00 target price for the company. Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. UBS Group raised their price objective on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Weiss Ratings upgraded shares of 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 target price on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $32.00.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $32.00 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The company has a market cap of $43.54 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 1.45 and a beta of 0.41. The stock’s 50-day moving average is $28.79 and its two-hundred day moving average is $28.32. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $7.23 billion. During the same period in the previous year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper’s payout ratio is 68.15%.

Keurig Dr Pepper Company 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.