Machina Capital S.A.S. Decreases Stock Holdings in Keurig Dr Pepper, Inc $KDP

Machina Capital S.A.S. lowered its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 54.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,686 shares of the company’s stock after selling 45,957 shares during the quarter. Machina Capital S.A.S.’s holdings in Keurig Dr Pepper were worth $961,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in KDP. Vanguard Group Inc. raised its position in Keurig Dr Pepper by 9.8% during the second quarter. Vanguard Group Inc. now owns 159,257,574 shares of the company’s stock valued at $5,265,055,000 after purchasing an additional 14,244,768 shares during the period. State Street Corp boosted its stake in Keurig Dr Pepper by 11.2% during the second quarter. State Street Corp now owns 63,608,006 shares of the company’s stock worth $2,117,279,000 after buying an additional 6,412,494 shares during the period. Invesco Ltd. lifted its holdings in shares of Keurig Dr Pepper by 43.2% in the 2nd quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock worth $1,040,320,000 after acquiring an additional 9,494,503 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Keurig Dr Pepper by 13.5% during the 2nd quarter. Geode Capital Management LLC now owns 30,217,363 shares of the company’s stock worth $994,275,000 after purchasing an additional 3,595,579 shares during the period. Finally, Norges Bank bought a new position in Keurig Dr Pepper during the 2nd quarter valued at about $568,525,000. 93.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KDP has been the subject of several recent analyst reports. Bank of America dropped their target price on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Piper Sandler upped their price objective on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, December 15th. UBS Group reiterated a “buy” rating and issued a $35.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Barclays upped their price target on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.87.

Insider Activity

In other news, VP Angela A. Stephens sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the transaction, the vice president directly owned 54,200 shares in the company, valued at $1,599,984. This trade represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $28.45 on Thursday. The company has a market cap of $38.65 billion, a PE ratio of 24.53, a P/E/G ratio of 1.92 and a beta of 0.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.38 and a current ratio of 0.62. The business has a 50-day simple moving average of $28.02 and a two-hundred day simple moving average of $28.69. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $36.12.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s payout ratio is presently 79.31%.

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.