Hsbc Holdings PLC Has $112.13 Million Position in Keurig Dr Pepper, Inc $KDP

Hsbc Holdings PLC boosted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 13.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,391,525 shares of the company’s stock after buying an additional 395,148 shares during the quarter. Hsbc Holdings PLC owned approximately 0.25% of Keurig Dr Pepper worth $112,127,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of KDP. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Keurig Dr Pepper by 182.6% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 314,048 shares of the company’s stock worth $10,382,000 after purchasing an additional 202,922 shares in the last quarter. Groupama Asset Managment acquired a new stake in Keurig Dr Pepper in the 2nd quarter valued at $1,179,000. State Board of Administration of Florida Retirement System lifted its position in Keurig Dr Pepper by 1.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 983,790 shares of the company’s stock worth $32,524,000 after buying an additional 17,202 shares in the last quarter. Korea Investment CORP boosted its stake in shares of Keurig Dr Pepper by 32.4% during the 2nd quarter. Korea Investment CORP now owns 980,209 shares of the company’s stock worth $32,406,000 after buying an additional 239,894 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC increased its position in shares of Keurig Dr Pepper by 2.8% in the second quarter. Elevation Point Wealth Partners LLC now owns 37,414 shares of the company’s stock valued at $1,237,000 after acquiring an additional 1,009 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $27.91 on Friday. The business has a fifty day moving average price of $26.79 and a two-hundred day moving average price of $30.44. The stock has a market capitalization of $37.91 billion, a PE ratio of 24.06, a P/E/G ratio of 1.75 and a beta of 0.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.40. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.Keurig Dr Pepper’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business earned $0.51 earnings per share. As a group, 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 company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a $0.23 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. Keurig Dr Pepper’s payout ratio is presently 79.31%.

Analysts Set New Price Targets

A number of research firms have weighed in on KDP. TD Cowen decreased their price target on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st. BNP Paribas Exane cut shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. JPMorgan Chase & Co. dropped their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. Cowen reiterated a “hold” rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 1st. Finally, HSBC restated a “hold” rating and set a $30.00 price objective (down from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.27.

About Keurig Dr Pepper

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.