Hsbc Holdings PLC Cuts Stock Position in Keurig Dr Pepper, Inc $KDP

Hsbc Holdings PLC trimmed its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 35.8% in the first quarter, Holdings Channel reports. The firm owned 2,361,227 shares of the company’s stock after selling 1,314,348 shares during the period. Hsbc Holdings PLC’s holdings in Keurig Dr Pepper were worth $62,026,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KDP. Salomon & Ludwin LLC purchased a new position in Keurig Dr Pepper in the fourth quarter valued at about $26,000. Activest Wealth Management boosted its position in shares of Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after buying an additional 1,072 shares during the period. Washington Trust Advisors Inc. acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at about $31,000. Rossby Financial LCC raised its holdings in shares of Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after buying an additional 339 shares during the period. Finally, GW&K Investment Management LLC raised its holdings in shares of Keurig Dr Pepper by 67.6% during the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock valued at $31,000 after buying an additional 451 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on KDP shares. The Goldman Sachs Group upgraded Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a report on Thursday, June 25th. Barclays upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $30.00 to $36.00 in a research note on Thursday, June 25th. Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a research report on Friday, April 24th. Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Finally, Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $33.07.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $30.91 on Monday. The company has a market capitalization of $42.05 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.41 and a beta of 0.40. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. The stock has a 50-day moving average price of $30.79 and a 200 day moving average price of $28.84.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same period in the previous year, the business earned $0.42 EPS. Keurig Dr Pepper’s revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 68.15%.

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.