Capital International Sarl Grows Stock Position in Keurig Dr Pepper, Inc $KDP

Capital International Sarl lifted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 16.3% in the fourth quarter, HoldingsChannel reports. The firm owned 184,369 shares of the company’s stock after acquiring an additional 25,833 shares during the quarter. Capital International Sarl’s holdings in Keurig Dr Pepper were worth $5,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KDP. Salomon & Ludwin LLC purchased a new position in Keurig Dr Pepper in the fourth quarter valued at $26,000. Clearstead Trust LLC boosted its holdings in 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. SBI Securities Co. Ltd. boosted its holdings 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 valued at $30,000 after purchasing an additional 484 shares during the period. Activest Wealth Management lifted its holdings in Keurig Dr Pepper by 5,642.1% during the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after buying an additional 1,072 shares during the last quarter. Finally, Washington Trust Advisors Inc. purchased a new stake in Keurig Dr Pepper during the 4th quarter worth about $31,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KDP. Evercore set a $30.00 price target on Keurig Dr Pepper in a report on Friday, April 24th. 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 report on Monday, April 27th. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Zacks Research downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Hold” and a consensus target price of $31.57.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $30.53 on Monday. 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 company has a market capitalization of $41.54 billion, a P/E ratio of 22.61, a PEG ratio of 1.39 and a beta of 0.41. The stock has a 50-day simple moving average of $28.00 and a 200-day simple moving average of $28.11.

Keurig Dr Pepper (NASDAQ:KDP) last posted 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. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 EPS. Equities research analysts expect that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper’s payout ratio is 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.