Goldman Sachs Group Inc. Grows Stock Holdings in Keurig Dr Pepper, Inc $KDP

Goldman Sachs Group Inc. increased its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 1.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,256,874 shares of the company’s stock after acquiring an additional 106,757 shares during the period. Goldman Sachs Group Inc.’s holdings in Keurig Dr Pepper were worth $203,265,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KDP. Salomon & Ludwin LLC purchased a new stake in Keurig Dr Pepper during the fourth quarter worth about $26,000. Clearstead Trust LLC boosted its holdings in Keurig Dr Pepper by 98.3% during 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 in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Keurig Dr Pepper by 71.7% during 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 in the last quarter. Activest Wealth Management increased 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 buying 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. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group lifted their price target on Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Barclays lifted their price target on Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, April 27th. Zacks Research downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Evercore set a $30.00 price target on Keurig Dr Pepper in a research note on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.57.

Keurig Dr Pepper Trading Up 1.6%

Keurig Dr Pepper stock opened at $30.53 on Friday. The stock has a 50-day moving average price of $28.00 and a 200 day moving average price of $28.10. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.94. The stock has a market cap of $41.54 billion, a PE ratio of 22.61, a P/E/G ratio of 1.39 and a beta of 0.41. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72.

Keurig Dr Pepper (NASDAQ:KDP) last announced its 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 firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the previous year, the company posted $0.42 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research 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 announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a $0.23 dividend. 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 presently 68.15%.

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.