Banque Cantonale Vaudoise Cuts Stock Holdings in Keurig Dr Pepper, Inc $KDP

Banque Cantonale Vaudoise reduced its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 12.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 114,558 shares of the company’s stock after selling 16,477 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Keurig Dr Pepper were worth $3,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in KDP. Vanguard Group Inc. increased 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 buying 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% during the 3rd quarter. State Street Corp now owns 64,594,706 shares of the company’s stock valued at $1,662,361,000 after acquiring an additional 986,700 shares during the period. Wellington Management Group LLP increased its stake in shares of Keurig Dr Pepper by 37.0% in the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock valued at $1,596,664,000 after purchasing an additional 15,393,753 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Keurig Dr Pepper by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 31,802,056 shares of the company’s stock valued at $887,021,000 after purchasing an additional 1,187,457 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. purchased a new position in shares of Keurig Dr Pepper in the 4th quarter valued at about $727,667,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KDP. The Goldman Sachs Group upgraded Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday. Zacks Research cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. UBS Group upped their target price on Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. increased their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Hold” and an average price target of $32.40.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $32.52 on Friday. The stock has a 50 day moving average of $29.51 and a two-hundred day moving average of $28.46. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94. The firm has a market cap of $44.25 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 1.43 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.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 earnings per share. On average, analysts expect that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a $0.23 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 2.8%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 68.15%.

About Keurig Dr Pepper

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.