Northwestern Mutual Wealth Management Co. Acquires 60,958 Shares of Keurig Dr Pepper, Inc $KDP

Northwestern Mutual Wealth Management Co. grew its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 451.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,448 shares of the company’s stock after acquiring an additional 60,958 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Keurig Dr Pepper were worth $2,085,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd bought a new stake in Keurig Dr Pepper in the third quarter worth approximately $1,217,000. Bank of New York Mellon Corp grew its position in Keurig Dr Pepper by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock worth $202,221,000 after acquiring an additional 223,160 shares in the last quarter. Candriam S.C.A. grew its position in Keurig Dr Pepper by 50.9% in the third quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock worth $9,634,000 after acquiring an additional 127,389 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Keurig Dr Pepper by 69.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company’s stock worth $2,660,000 after acquiring an additional 43,223 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co grew its position in Keurig Dr Pepper by 83.7% in the third quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock worth $5,228,000 after acquiring an additional 93,374 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $29.55 on Wednesday. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $27.47 and a 200 day simple moving average of $27.91. The company has a market cap of $40.20 billion, a P/E ratio of 21.89, a P/E/G ratio of 1.33 and a beta of 0.41. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 net margin of 10.81% and a return on equity of 10.51%. Keurig Dr Pepper’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. On average, sell-side analysts predict that Keurig Dr Pepper, Inc will post 2.29 EPS 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. Shareholders of record on Friday, June 26th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. Keurig Dr Pepper’s dividend payout ratio is 68.15%.

Analyst Upgrades and Downgrades

Several research firms have commented on KDP. Zacks Research downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Citigroup decreased 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 report on Wednesday, April 15th. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a report on Friday, April 24th. Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of 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 investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.57.

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.