Harbour Investments Inc. Boosts Stock Position in Keurig Dr Pepper, Inc $KDP

Harbour Investments Inc. lifted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 1,022.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,666 shares of the company’s stock after buying an additional 22,469 shares during the quarter. Harbour Investments Inc.’s holdings in Keurig Dr Pepper were worth $691,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. 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 worth $4,508,456,000 after acquiring an additional 1,538,456 shares in the last quarter. State Street Corp grew its position in shares of 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. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Keurig Dr Pepper by 0.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,558,966 shares of the company’s stock valued at $524,459,000 after purchasing an additional 182,341 shares during the period. Bank of America Corp DE increased its stake in shares of Keurig Dr Pepper by 8.8% during the second quarter. Bank of America Corp DE now owns 11,231,214 shares of the company’s stock worth $371,304,000 after purchasing an additional 904,585 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Keurig Dr Pepper by 7.0% during the third quarter. Legal & General Group Plc now owns 8,725,332 shares of the company’s stock worth $222,582,000 after purchasing an additional 569,469 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

KDP has been the topic of a number of research reports. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Citigroup cut their price objective on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, UBS Group boosted 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. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Hold” and a consensus price target of $31.57.

Keurig Dr Pepper Stock Performance

KDP opened at $30.03 on Friday. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The firm has a market capitalization of $40.86 billion, a PE ratio of 22.24, a PEG ratio of 1.37 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. The firm’s 50-day moving average price is $27.63 and its 200 day moving average price is $27.98.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. Keurig Dr Pepper’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 EPS. As a group, sell-side analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared 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. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 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.