Swiss National Bank Buys 251,300 Shares of Keurig Dr Pepper, Inc $KDP

Swiss National Bank boosted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,787,671 shares of the company’s stock after purchasing an additional 251,300 shares during the quarter. Swiss National Bank’s holdings in Keurig Dr Pepper were worth $99,729,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. bought a new stake in shares of Keurig Dr Pepper during the first quarter worth $17,925,000. Aurora Investment Counsel lifted its position in Keurig Dr Pepper by 27.8% in the 1st quarter. Aurora Investment Counsel now owns 30,745 shares of the company’s stock valued at $810,000 after acquiring an additional 6,691 shares in the last quarter. John G Ullman & Associates Inc. lifted its position in Keurig Dr Pepper by 7.0% in the 1st quarter. John G Ullman & Associates Inc. now owns 169,700 shares of the company’s stock valued at $4,468,000 after acquiring an additional 11,100 shares in the last quarter. Arcus Capital Partners LLC acquired a new position in Keurig Dr Pepper in the 1st quarter worth $675,000. Finally, Assetmark Inc. boosted its stake in Keurig Dr Pepper by 26.7% in the 1st quarter. Assetmark Inc. now owns 100,797 shares of the company’s stock worth $2,654,000 after purchasing an additional 21,210 shares during the period. Institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KDP shares. Zacks Research downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Barclays upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $30.00 to $36.00 in a research note on Thursday, June 25th. Wells Fargo & Company set a $37.00 price target on shares of Keurig Dr Pepper in a research note on Wednesday, July 1st. Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a report on Wednesday, July 8th. Finally, Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a research report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.07.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $30.44 on Tuesday. The company’s 50-day moving average is $30.83 and its 200-day moving average is $28.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The firm has a market capitalization of $41.42 billion, a PE ratio of 22.55, a PEG ratio of 1.41 and a beta of 0.40. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating the consensus estimate 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 company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts forecast 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 was paid on Friday, July 10th. Investors of record on Friday, June 26th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, June 26th. Keurig Dr Pepper’s payout ratio is 68.15%.

Keurig Dr Pepper Company Profile

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.