Clifford Capital Partners LLC Grows Position in Keurig Dr Pepper, Inc $KDP

Clifford Capital Partners LLC boosted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 21.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 808,361 shares of the company’s stock after acquiring an additional 141,198 shares during the quarter. Keurig Dr Pepper makes up about 3.6% of Clifford Capital Partners LLC’s portfolio, making the stock its 12th biggest position. Clifford Capital Partners LLC’s holdings in Keurig Dr Pepper were worth $20,621,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd bought a new stake in Keurig Dr Pepper in the third quarter worth about $1,217,000. Bank of New York Mellon Corp grew its stake in shares of Keurig Dr Pepper by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock valued at $202,221,000 after buying an additional 223,160 shares during the last quarter. Candriam S.C.A. raised its holdings in shares of Keurig Dr Pepper by 50.9% in the third quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock worth $9,634,000 after buying an additional 127,389 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Keurig Dr Pepper by 69.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company’s stock worth $2,660,000 after buying an additional 43,223 shares during the period. Finally, National Pension Service lifted its stake in shares of Keurig Dr Pepper by 3.0% during the 3rd quarter. National Pension Service now owns 2,031,297 shares of the company’s stock worth $51,818,000 after acquiring an additional 58,594 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $27.41 on Friday. The company has a 50 day moving average price of $28.38 and a 200-day moving average price of $27.80. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $36.12. The stock has a market capitalization of $37.24 billion, a PE ratio of 17.92, a PEG ratio of 1.42 and a beta of 0.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.43 and a current ratio of 0.64.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data 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. The firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.35 billion. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm earned $0.58 earnings per share. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. Equities analysts predict that Keurig Dr Pepper, Inc will post 1.92 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, April 10th. Stockholders of record on Friday, March 27th will be issued a $0.23 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.4%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 60.13%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on KDP shares. Wells Fargo & Company boosted their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Jefferies Financial Group lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $32.00 in a research note on Tuesday, December 16th. Piper Sandler upped their price target on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, December 15th. UBS Group reaffirmed a “buy” rating and issued a $36.00 price target on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Finally, Barclays lifted their price objective 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. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $35.40.

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.