Healthcare of Ontario Pension Plan Trust Fund Acquires 25,510 Shares of Keurig Dr Pepper, Inc $KDP

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,142,760 shares of the company’s stock after purchasing an additional 25,510 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Keurig Dr Pepper were worth $32,009,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KDP. Salomon & Ludwin LLC bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at about $26,000. Clearstead Trust LLC raised its position in shares of 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 purchasing an additional 536 shares during the period. Activest Wealth Management raised 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 during the period. Washington Trust Advisors Inc. bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at about $31,000. Finally, Rossby Financial LCC raised its position in shares of Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after purchasing an additional 339 shares during the period. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $31.77 on Tuesday. The stock has a market capitalization of $43.22 billion, a PE ratio of 23.53, a P/E/G ratio of 1.45 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The business has a fifty day moving average price of $28.65 and a two-hundred day moving average price of $28.29. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data 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. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. As a group, equities analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share 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. Stockholders of record on Friday, June 26th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio is 68.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research report on Wednesday, April 22nd. Sanford C. Bernstein started coverage on Keurig Dr Pepper in a report on Thursday. They set an “outperform” rating and a $38.00 price target for the company. Finally, Evercore set a $30.00 price target on Keurig Dr Pepper in a report on Friday, April 24th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Hold” and a consensus target price of $32.00.

Keurig Dr Pepper Company 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.