Daiwa Securities Group Inc. grew its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 455,290 shares of the company’s stock after acquiring an additional 45,680 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Keurig Dr Pepper were worth $12,752,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 30.6% in the first quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after buying an additional 3,627 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Keurig Dr Pepper by 248.0% in the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after buying an additional 49,741 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of Keurig Dr Pepper by 49.2% in the first quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after buying an additional 33,258 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Keurig Dr Pepper in the second quarter worth approximately $328,000. Finally, Jump Financial LLC lifted its holdings in Keurig Dr Pepper by 253.6% during the second quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock valued at $2,516,000 after purchasing an additional 54,571 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.
Keurig Dr Pepper Trading Up 1.6%
KDP stock opened at $30.53 on Friday. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The stock has a market capitalization of $41.54 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.39 and a beta of 0.41. The firm’s fifty day simple moving average is $28.00 and its two-hundred day simple moving average is $28.10.
Keurig Dr Pepper Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. Keurig Dr Pepper’s payout ratio is 68.15%.
Analyst Upgrades and Downgrades
KDP has been the topic of several analyst reports. Barclays lifted their price target on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, April 27th. JPMorgan Chase & Co. lifted their price target on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, April 24th. BNP Paribas Exane raised 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 report on Wednesday, April 22nd. Evercore set a $30.00 price target on shares of Keurig Dr Pepper in a report on Friday, April 24th. Finally, Citigroup lowered their price target on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.57.
Get Our Latest Stock Analysis on Keurig Dr Pepper
About Keurig Dr Pepper
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.
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