Keurig Dr Pepper, Inc $KDP Shares Bought by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd raised its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 13.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 230,177 shares of the company’s stock after buying an additional 27,753 shares during the period. Swiss Life Asset Management Ltd’s holdings in Keurig Dr Pepper were worth $5,872,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. NewEdge Advisors LLC raised its holdings in Keurig Dr Pepper by 30.6% during the first quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after purchasing an additional 3,627 shares during the last quarter. Empowered Funds LLC boosted its position in Keurig Dr Pepper by 248.0% during the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after purchasing an additional 49,741 shares in the last quarter. Woodline Partners LP grew its holdings in Keurig Dr Pepper by 49.2% in the first quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock valued at $3,452,000 after purchasing an additional 33,258 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Keurig Dr Pepper in the second quarter valued at $328,000. Finally, Creative Planning increased its position in shares of Keurig Dr Pepper by 28.3% in the second quarter. Creative Planning now owns 94,806 shares of the company’s stock valued at $3,134,000 after buying an additional 20,909 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KDP has been the subject of several research reports. Jefferies Financial Group downgraded Keurig Dr Pepper from a “buy” rating to a “hold” rating and cut their price target for the stock from $39.00 to $32.00 in a research note on Tuesday, December 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Barclays raised their target price on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Piper Sandler upped their price target on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Finally, UBS Group reiterated a “buy” rating and issued a $36.00 price target on shares of Keurig Dr Pepper in a research report on Thursday, February 26th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.40.

Keurig Dr Pepper Trading Down 2.1%

Keurig Dr Pepper stock opened at $26.59 on Friday. The stock has a 50-day moving average price of $28.35 and a 200 day moving average price of $27.73. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The stock has a market cap of $36.13 billion, a PE ratio of 17.38, a P/E/G ratio of 1.38 and a beta of 0.33. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the prior year, the firm earned $0.58 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. Equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s payout ratio is presently 60.13%.

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.