Wellington Management Group LLP Has $1.06 Billion Stake in Keurig Dr Pepper, Inc $KDP

Wellington Management Group LLP decreased its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 18.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 41,609,591 shares of the company’s stock after selling 9,355,938 shares during the quarter. Wellington Management Group LLP’s holdings in Keurig Dr Pepper were worth $1,061,461,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KDP. AustralianSuper Pty Ltd bought a new position in Keurig Dr Pepper during the third quarter worth $1,217,000. Bank of New York Mellon Corp boosted its holdings in Keurig Dr Pepper by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock valued at $202,221,000 after purchasing an additional 223,160 shares during the period. Candriam S.C.A. grew its position in Keurig Dr Pepper by 50.9% in the 3rd quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock worth $9,634,000 after purchasing an additional 127,389 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Keurig Dr Pepper by 69.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company’s stock worth $2,660,000 after purchasing an additional 43,223 shares during the period. Finally, National Pension Service increased its holdings in shares of Keurig Dr Pepper by 3.0% during the 3rd quarter. National Pension Service now owns 2,031,297 shares of the company’s stock worth $51,818,000 after purchasing an additional 58,594 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Piper Sandler increased their target price on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Jefferies Financial Group cut Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. Barclays increased their price target on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Finally, UBS Group reaffirmed a “buy” rating and set a $36.00 price objective on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average target price of $35.40.

Keurig Dr Pepper Stock Up 1.8%

Shares of NASDAQ:KDP opened at $27.41 on Friday. The company’s fifty day moving average is $28.38 and its 200-day moving average is $27.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.43 and a current ratio of 0.64. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The company has a market capitalization of $37.24 billion, a PE ratio of 17.92, a P/E/G ratio of 1.40 and a beta of 0.33.

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

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s payout ratio is presently 60.13%.

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.