Victory Capital Management Inc. Sells 2,379,078 Shares of Keurig Dr Pepper, Inc $KDP

Victory Capital Management Inc. cut its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 46.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,717,642 shares of the company’s stock after selling 2,379,078 shares during the period. Victory Capital Management Inc. owned 0.20% of Keurig Dr Pepper worth $69,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. NewSquare Capital LLC raised its position in Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the last quarter. AlphaCore Capital LLC bought a new stake in shares of Keurig Dr Pepper during the second quarter worth $26,000. Root Financial Partners LLC acquired a new position in shares of Keurig Dr Pepper during the third quarter valued at $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Keurig Dr Pepper by 102,300.0% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after acquiring an additional 1,023 shares during the period. Finally, Clearstead Trust LLC boosted its holdings in Keurig Dr Pepper by 98.3% in the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after acquiring an additional 536 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Piper Sandler boosted their price objective on Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, December 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Wells Fargo & Company increased their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. UBS Group reaffirmed a “buy” rating and set a $36.00 price objective on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Finally, Barclays raised their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.40.

Keurig Dr Pepper Trading Down 2.8%

KDP opened at $28.05 on Friday. The stock has a market capitalization of $38.11 billion, a P/E ratio of 18.33, a P/E/G ratio of 1.55 and a beta of 0.33. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12. The firm’s fifty day simple moving average is $28.41 and its 200 day simple moving average is $28.08.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.35 billion. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 earnings per share. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. As a group, research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s payout ratio is currently 60.13%.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the sale, the vice president directly owned 54,200 shares in the company, valued at approximately $1,599,984. The trade was a 15.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company’s stock.

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.