ING Groep NV Trims Holdings in Keurig Dr Pepper, Inc $KDP

ING Groep NV decreased its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 32.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,989 shares of the company’s stock after selling 142,788 shares during the period. ING Groep NV’s holdings in Keurig Dr Pepper were worth $8,235,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $568,361,000. Capital International Investors boosted its holdings in Keurig Dr Pepper by 1,987.4% in the fourth quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock valued at $472,193,000 after acquiring an additional 16,050,437 shares in the last quarter. Marshall Wace LLP boosted its holdings in Keurig Dr Pepper by 1,546.0% in the third quarter. Marshall Wace LLP now owns 2,937,129 shares of the company’s stock valued at $74,926,000 after acquiring an additional 2,758,685 shares in the last quarter. Man Group plc increased its position in Keurig Dr Pepper by 4,084.2% during 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 period. Finally, Voloridge Investment Management LLC raised 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 worth $60,583,000 after purchasing an additional 2,268,336 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $30.53 on Monday. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94. The firm has a market cap of $41.54 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.39 and a beta of 0.41. The company has a 50-day moving average of $28.00 and a 200 day moving average of $28.11. 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 posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business 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 3.0%. Keurig Dr Pepper’s dividend payout ratio is presently 68.15%.

Analyst Ratings Changes

KDP has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, March 30th. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Wednesday, April 22nd. Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. Finally, Wells Fargo & Company decreased their target price on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.57.

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.