World Investment Advisors Buys New Holdings in Keurig Dr Pepper, Inc $KDP

World Investment Advisors purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 23,577 shares of the company’s stock, valued at approximately $660,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in Keurig Dr Pepper by 290.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock valued at $1,475,000 after purchasing an additional 39,156 shares during the last quarter. Elo Mutual Pension Insurance Co raised its stake in shares of 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 purchasing an additional 93,374 shares during the last quarter. Ossiam raised its stake in shares of Keurig Dr Pepper by 508.0% in the third quarter. Ossiam now owns 726,288 shares of the company’s stock worth $18,528,000 after purchasing an additional 606,826 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Keurig Dr Pepper in the third quarter valued at approximately $2,551,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Keurig Dr Pepper by 47.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock valued at $5,030,000 after purchasing an additional 57,797 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KDP. UBS Group upped their price target on Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Wells Fargo & Company dropped their price objective on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. 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 report on Wednesday, April 22nd. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $32.00.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $30.87 on Tuesday. The business’s fifty day simple moving average is $29.18 and its 200 day simple moving average is $28.40. The firm has a market capitalization of $42.00 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 1.41 and a beta of 0.41. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the prior year, the company earned $0.42 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, analysts anticipate 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. Investors 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 annualized dividend and a yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio is presently 68.15%.

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.