Keurig Dr Pepper, Inc $KDP Stock Holdings Cut by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC cut its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 4.7% during the 3rd quarter, Holdings Channel reports. The firm owned 561,375 shares of the company’s stock after selling 27,887 shares during the period. Clarkston Capital Partners LLC’s holdings in Keurig Dr Pepper were worth $14,321,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WINTON GROUP Ltd lifted its holdings in shares of Keurig Dr Pepper by 35.0% in the third quarter. WINTON GROUP Ltd now owns 138,900 shares of the company’s stock valued at $3,543,000 after buying an additional 36,000 shares during the period. LGT Fund Management Co Ltd. grew its holdings in Keurig Dr Pepper by 93.9% during the third quarter. LGT Fund Management Co Ltd. now owns 38,448 shares of the company’s stock worth $984,000 after acquiring an additional 18,618 shares during the period. Inceptionr LLC acquired a new position in Keurig Dr Pepper during the third quarter worth about $392,000. Private Advisor Group LLC raised its position in Keurig Dr Pepper by 85.6% in the third quarter. Private Advisor Group LLC now owns 20,659 shares of the company’s stock worth $527,000 after acquiring an additional 9,531 shares in the last quarter. Finally, PFG Advisors raised its position in Keurig Dr Pepper by 3.8% in the third quarter. PFG Advisors now owns 40,471 shares of the company’s stock worth $1,032,000 after acquiring an additional 1,499 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction on Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the transaction, the vice president owned 54,200 shares in the company, valued at approximately $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KDP shares. Jefferies Financial Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $32.00 in a research report on Tuesday, December 16th. UBS Group reiterated a “buy” rating and issued a $36.00 target price on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Barclays increased their target price on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. Piper Sandler lifted their price target on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 15th. Finally, Wells Fargo & Company upped their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.40.

Keurig Dr Pepper Stock Up 0.7%

Shares of NASDAQ:KDP opened at $28.25 on Monday. The firm has a 50 day simple moving average of $28.41 and a 200 day simple moving average of $27.94. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.43 and a current ratio of 0.64. The company has a market cap of $38.38 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 1.52 and a beta of 0.33.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the company posted $0.58 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. As a group, research analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 60.13%.

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.