Generali Asset Management SPA SGR Raises Holdings in Keurig Dr Pepper, Inc $KDP

Generali Asset Management SPA SGR grew its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 62.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,012 shares of the company’s stock after acquiring an additional 59,404 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Keurig Dr Pepper were worth $3,929,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vident Advisory LLC boosted its stake in Keurig Dr Pepper by 85.1% in the 1st quarter. Vident Advisory LLC now owns 26,641 shares of the company’s stock worth $912,000 after purchasing an additional 12,250 shares in the last quarter. Royal Bank of Canada increased its stake in Keurig Dr Pepper by 19.7% during the 1st quarter. Royal Bank of Canada now owns 1,882,948 shares of the company’s stock valued at $64,435,000 after purchasing an additional 309,830 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in shares of Keurig Dr Pepper by 25.9% in the first quarter. Focus Partners Advisor Solutions LLC now owns 14,130 shares of the company’s stock worth $484,000 after buying an additional 2,908 shares during the last quarter. Amundi lifted its stake in shares of Keurig Dr Pepper by 7.7% during the first quarter. Amundi now owns 4,404,145 shares of the company’s stock worth $156,920,000 after buying an additional 315,290 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Keurig Dr Pepper by 39.4% during the first quarter. AQR Capital Management LLC now owns 1,735,674 shares of the company’s stock worth $59,395,000 after buying an additional 490,277 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KDP shares. Wells Fargo & Company upped their target price on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. dropped their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Monday, October 20th. Bank of America cut their price objective on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Citigroup decreased their target price on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. Finally, TD Cowen dropped their target price on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Hold” and a consensus price target of $34.87.

Insider Buying and Selling at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the transaction, the vice president directly owned 54,200 shares in the company, valued at $1,599,984. The trade was a 15.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by company insiders.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $27.73 on Friday. The firm has a market capitalization of $37.67 billion, a P/E ratio of 23.91, a PEG ratio of 1.93 and a beta of 0.34. The stock has a 50-day simple moving average of $27.81 and a two-hundred day simple moving average of $29.64. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.38 and a current ratio of 0.62. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.Keurig Dr Pepper’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. On average, equities analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, January 2nd. Keurig Dr Pepper’s payout ratio is 79.31%.

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.