Rakuten Investment Management Inc. raised its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) by 11.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 362,284 shares of the company’s stock after acquiring an additional 38,497 shares during the period. Rakuten Investment Management Inc.’s holdings in Keurig Dr Pepper were worth $11,242,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. raised its stake in shares of Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 759 shares during the last quarter. Community Bank N.A. purchased a new position in Keurig Dr Pepper in the 2nd quarter valued at $29,000. Fortitude Family Office LLC grew its position in Keurig Dr Pepper by 216.2% in the 3rd quarter. Fortitude Family Office LLC now owns 1,565 shares of the company’s stock valued at $47,000 after buying an additional 1,070 shares during the last quarter. Root Financial Partners LLC acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at $54,000. Finally, Mather Group LLC. increased its stake in Keurig Dr Pepper by 54.9% in the 3rd quarter. Mather Group LLC. now owns 1,816 shares of the company’s stock valued at $55,000 after buying an additional 644 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $32.55, for a total transaction of $390,600.00. Following the sale, the insider owned 84,171 shares in the company, valued at approximately $2,739,766.05. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Aaron Alt acquired 7,862 shares of the stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average cost of $31.83 per share, with a total value of $250,247.46. Following the transaction, the director owned 7,862 shares of the company’s stock, valued at approximately $250,247.46. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.34% of the stock is owned by corporate insiders.
Analyst Ratings Changes
KDP has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $40.00 in a research note on Thursday, August 13th. Morgan Stanley increased their price target on shares of Keurig Dr Pepper from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday. Barclays raised their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Finally, BNP Paribas Exane lifted their price objective on Keurig Dr Pepper from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $37.12.
Get Our Latest Stock Analysis on Keurig Dr Pepper
Keurig Dr Pepper Trading Up 5.9%
Shares of Keurig Dr Pepper stock opened at $36.79 on Thursday. The company has a 50-day moving average of $32.68 and a two-hundred day moving average of $30.11. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $37.31. The company has a current ratio of 0.52, a quick ratio of 0.28 and a debt-to-equity ratio of 0.73. The stock has a market cap of $50.06 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 1.65 and a beta of 0.35.
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. Keurig Dr Pepper had a return on equity of 11.27% and a net margin of 7.12%. The business had revenue of $7.34 billion for the quarter, compared to analysts’ expectations of $7.33 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. The company’s revenue was up 70.6% compared to the same quarter last year. On average, research analysts anticipate that Keurig Dr Pepper, Inc will post 2.30 EPS for the current fiscal year.
Keurig Dr Pepper Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Monday, September 28th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, September 28th. Keurig Dr Pepper’s dividend payout ratio is 92.93%.
Trending Headlines about Keurig Dr Pepper
Here are the key news stories impacting Keurig Dr Pepper this week:
- Positive Sentiment: KDP reported third-quarter adjusted earnings of $0.66 per share, above analyst expectations, while revenue of $7.34 billion was roughly in line with or slightly ahead of estimates. Earnings rose from $0.54 per share a year earlier, and the company reaffirmed its 2026 outlook. Keurig Dr Pepper Q3 results and guidance
- Positive Sentiment: Analysts raised targets: UBS to $42 with a Buy rating, JPMorgan to $41 with an Overweight rating, and Morgan Stanley to $40 with an Overweight rating. Piper Sandler also lifted its target to $41. These revisions suggest several firms see further upside. UBS recommendations
- Positive Sentiment: Beverage growth and acquired JDE Peet’s contributed to strong reported sales growth; coverage also noted KDP’s energy-drink share surpassed 10%. This supports the company’s growth story beyond its legacy coffee business. Long-term investor takeaways
- Neutral Sentiment: KDP expects 2026 net sales of $25.9 billion to $26.4 billion and is planning to separate its businesses in early 2027. The separation could reshape the company, though its eventual impact is uncertain. Sales outlook and planned separation
- Negative Sentiment: Management flagged a challenging U.S. coffee environment, with consumers trading down expected to weigh on fourth-quarter coffee profitability. TD Cowen raised its target to $35 but maintained a Hold rating, implying a more cautious outlook. Coffee profit outlook
About Keurig Dr Pepper
Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods.
The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.
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