Harvest Fund Management Co. Ltd Boosts Holdings in Keurig Dr Pepper, Inc $KDP

Harvest Fund Management Co. Ltd lifted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 21.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,437 shares of the company’s stock after purchasing an additional 18,065 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Keurig Dr Pepper were worth $2,841,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC increased its stake in shares of Keurig Dr Pepper by 30.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after acquiring an additional 3,627 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Keurig Dr Pepper by 248.0% in the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after acquiring an additional 49,741 shares in the last quarter. Woodline Partners LP increased its stake in shares of Keurig Dr Pepper by 49.2% in the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after acquiring an additional 33,258 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Keurig Dr Pepper in the 2nd quarter worth about $328,000. Finally, Jump Financial LLC increased its stake in shares of Keurig Dr Pepper by 253.6% in the 2nd quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock worth $2,516,000 after acquiring an additional 54,571 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KDP has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Wednesday, April 22nd. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Wells Fargo & Company reduced their price objective on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $31.57.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $30.53 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94. The company has a market capitalization of $41.54 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.37 and a beta of 0.41. The firm’s 50 day simple moving average is $28.00 and its two-hundred day simple moving average is $28.10.

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

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 3.0%. Keurig Dr Pepper’s payout ratio is currently 68.15%.

About Keurig Dr Pepper

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.