Keurig Dr Pepper, Inc $KDP Stock Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 3.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 721,926 shares of the company’s stock after buying an additional 22,082 shares during the period. Pictet Asset Management Holding SA owned approximately 0.05% of Keurig Dr Pepper worth $21,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in Keurig Dr Pepper in the second quarter worth approximately $4,697,645,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Keurig Dr Pepper during the second quarter worth $767,105,000. Bank of America Corp DE acquired a new stake in Keurig Dr Pepper during the second quarter worth $281,503,000. Legal & General Group Plc purchased a new stake in Keurig Dr Pepper in the second quarter valued at $269,336,000. Finally, Dimensional Fund Advisors LP raised its position in Keurig Dr Pepper by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 9,585,791 shares of the company’s stock valued at $252,408,000 after purchasing an additional 103,505 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 1.8%

NASDAQ:KDP opened at $38.25 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.52 and a debt-to-equity ratio of 0.73. The stock’s fifty day moving average is $33.21 and its two-hundred day moving average is $30.35. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $38.29. The stock has a market capitalization of $52.05 billion, a price-to-earnings ratio of 35.09, a price-to-earnings-growth ratio of 1.79 and a beta of 0.35.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. Keurig Dr Pepper had a return on equity of 11.27% and a net margin of 7.12%. The business had revenue of $7.34 billion during the quarter, compared to analysts’ expectations of $7.33 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The company’s revenue was up 70.6% on a year-over-year basis. Research analysts anticipate that Keurig Dr Pepper, Inc will post 2.31 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Monday, September 28th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, September 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 84.40%.

Wall Street Analyst Weigh In

KDP has been the subject of a number of research analyst reports. Argus reiterated a “buy” rating and set a $36.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, September 15th. Piper Sandler restated an “overweight” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 14th. Morgan Stanley upped their target price on shares of Keurig Dr Pepper from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. UBS Group increased their target price on shares of Keurig Dr Pepper from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, November 4th. Finally, Deutsche Bank increased their target price on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average target price of $37.29.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $32.55, for a total transaction of $390,600.00. Following the sale, the insider directly owned 84,171 shares in the company, valued at $2,739,766.05. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aaron E. Alt purchased 7,862 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average cost of $31.83 per share, for a total transaction of $250,247.46. Following the transaction, the director directly owned 7,862 shares of the company’s stock, valued at approximately $250,247.46. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 0.34% of the stock is currently owned by company insiders.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc. (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods. The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.