23,577 Shares in Keurig Dr Pepper, Inc $KDP Acquired by World Investment Advisors

World Investment Advisors acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDPFree Report) during the 4th quarter, HoldingsChannel reports. The firm acquired 23,577 shares of the company’s stock, valued at approximately $660,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. T. Rowe Price Investment Management Inc. bought a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at $727,667,000. Norges Bank purchased a new position in shares of Keurig Dr Pepper during the 4th quarter valued at $568,361,000. Capital International Investors grew its stake in shares of Keurig Dr Pepper by 1,987.4% during the 4th quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock worth $472,193,000 after acquiring an additional 16,050,437 shares during the period. Wellington Management Group LLP grew its stake in shares of Keurig Dr Pepper by 37.0% during the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock worth $1,596,664,000 after acquiring an additional 15,393,753 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Keurig Dr Pepper by 285.3% in the 4th quarter. AQR Capital Management LLC now owns 11,636,027 shares of the company’s stock worth $325,925,000 after acquiring an additional 8,615,869 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KDP shares. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Wells Fargo & Company cut their target price on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Citigroup reduced their target price on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Evercore set a $30.00 price target on shares of Keurig Dr Pepper in a research report on Friday, April 24th. Finally, BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Wednesday, April 22nd. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.00.

Check Out Our Latest Stock Analysis on KDP

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $30.87 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94. The stock has a market cap of $42.00 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 1.41 and a beta of 0.41. The stock has a fifty day moving average of $29.18 and a 200-day moving average of $28.40.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter in the prior year, the firm posted $0.42 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current 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 $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio is presently 68.15%.

Keurig Dr Pepper Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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