Capital World Investors Decreases Stock Position in Keurig Dr Pepper, Inc $KDP

Capital World Investors reduced its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 14.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 98,453,872 shares of the company’s stock after selling 16,305,980 shares during the period. Capital World Investors owned approximately 0.07% of Keurig Dr Pepper worth $2,757,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of KDP. Salomon & Ludwin LLC purchased a new stake in Keurig Dr Pepper in the fourth quarter worth $26,000. Clearstead Trust LLC increased its position in Keurig Dr Pepper by 98.3% in the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after buying an additional 536 shares during the last quarter. SBI Securities Co. Ltd. increased its position in Keurig Dr Pepper by 71.7% in the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after buying an additional 484 shares during the last quarter. Activest Wealth Management grew 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 valued at $31,000 after purchasing an additional 1,072 shares in the last quarter. Finally, Washington Trust Advisors Inc. purchased a new position in shares of Keurig Dr Pepper in the fourth quarter valued at $31,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays lifted their price target on Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, April 27th. Evercore set a $30.00 price target on Keurig Dr Pepper in a research report on Friday, April 24th. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Citigroup reduced their price target on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Finally, UBS Group lifted their price target on Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently 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 stock has a market cap of $41.54 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.39 and a beta of 0.41. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week 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 fifty day moving average of $28.00 and a 200-day moving average of $28.10.

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, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. Equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid 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 dividend payout ratio (DPR) 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.