Hsbc Holdings PLC Has $103.12 Million Holdings in Keurig Dr Pepper, Inc $KDP

Hsbc Holdings PLC boosted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 8.3% in the fourth quarter, HoldingsChannel reports. The firm owned 3,675,575 shares of the company’s stock after acquiring an additional 282,406 shares during the period. Hsbc Holdings PLC’s holdings in Keurig Dr Pepper were worth $103,120,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Keurig Dr Pepper by 290.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock valued at $1,475,000 after buying an additional 39,156 shares in the last quarter. Ossiam increased its stake in shares of Keurig Dr Pepper by 508.0% during the 3rd quarter. Ossiam now owns 726,288 shares of the company’s stock worth $18,528,000 after purchasing an additional 606,826 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter worth about $2,551,000. Merit Financial Group LLC raised its holdings in shares of Keurig Dr Pepper by 194.6% in the 4th quarter. Merit Financial Group LLC now owns 87,054 shares of the company’s stock valued at $2,438,000 after purchasing an additional 57,500 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Keurig Dr Pepper by 47.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock valued at $5,030,000 after purchasing an additional 57,797 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

KDP opened at $33.30 on Friday. The business has a fifty day simple moving average of $30.34 and a 200 day simple moving average of $28.64. The company has a market capitalization of $45.31 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 1.52 and a beta of 0.40. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued 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. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period in the prior year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a $0.23 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 2.8%. Keurig Dr Pepper’s dividend payout ratio is 68.15%.

Analyst Ratings Changes

A number of research firms recently commented on KDP. JPMorgan Chase & Co. lifted their price target on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Zacks Research lowered Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. BNP Paribas Exane raised Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Wednesday, April 22nd. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Wells Fargo & Company set a $37.00 target price on Keurig Dr Pepper in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper has an average rating of “Hold” and an average target price of $32.40.

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.