Eurizon Capital SGR S.p.A. Buys Shares of 594,036 Keurig Dr Pepper, Inc $KDP

Eurizon Capital SGR S.p.A. bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 594,036 shares of the company’s stock, valued at approximately $16,640,000.

Several other institutional investors and hedge funds also recently bought and sold shares of KDP. Marshall Wace LLP boosted its holdings in Keurig Dr Pepper by 1,546.0% in the 3rd quarter. Marshall Wace LLP now owns 2,937,129 shares of the company’s stock valued at $74,926,000 after purchasing an additional 2,758,685 shares during the last quarter. Man Group plc boosted its holdings in Keurig Dr Pepper by 4,084.2% in the 3rd quarter. Man Group plc now owns 2,411,713 shares of the company’s stock valued at $61,523,000 after purchasing an additional 2,354,075 shares during the last quarter. Voloridge Investment Management LLC boosted its holdings in Keurig Dr Pepper by 2,129.0% in the 3rd quarter. Voloridge Investment Management LLC now owns 2,374,879 shares of the company’s stock valued at $60,583,000 after purchasing an additional 2,268,336 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Keurig Dr Pepper by 90.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 4,161,158 shares of the company’s stock valued at $115,597,000 after purchasing an additional 1,973,269 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Keurig Dr Pepper by 1,538.4% in the 3rd quarter. Two Sigma Investments LP now owns 1,788,162 shares of the company’s stock valued at $45,616,000 after purchasing an additional 1,679,023 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $30.03 on Monday. 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 market capitalization of $40.86 billion, a P/E ratio of 22.24, a PEG ratio of 1.37 and a beta of 0.41. The company has a 50 day moving average price of $27.63 and a 200 day moving average price of $27.99. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data 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. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. Equities research analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business 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 dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.1%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 68.15%.

Wall Street Analyst Weigh In

KDP has been the topic of several recent analyst reports. Barclays boosted their target price on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, April 27th. Wells Fargo & Company decreased their target price on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a report 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, BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a report on Wednesday, April 22nd. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.57.

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.