Russell Investments Group Ltd. Sells 41,069 Shares of Keurig Dr Pepper, Inc $KDP

Russell Investments Group Ltd. decreased its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,190,448 shares of the company’s stock after selling 41,069 shares during the quarter. Russell Investments Group Ltd.’s holdings in Keurig Dr Pepper were worth $30,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaCore Capital LLC purchased a new position in shares of Keurig Dr Pepper in the second quarter valued at $26,000. Root Financial Partners LLC purchased a new stake in Keurig Dr Pepper during the third quarter valued at $26,000. Clearstead Trust LLC raised its stake in Keurig Dr Pepper by 98.3% during the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after purchasing an additional 536 shares in the last quarter. Mather Group LLC. bought a new position in Keurig Dr Pepper during the third quarter valued at $30,000. Finally, SBI Securities Co. Ltd. lifted its position in Keurig Dr Pepper by 71.7% during the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 484 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of research reports. Piper Sandler boosted their target price on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Jefferies Financial Group lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and dropped their price target for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. UBS Group restated a “buy” rating and set a $36.00 price objective on shares of Keurig Dr Pepper in a research report on Thursday, February 26th. Finally, Barclays lifted their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.40.

Keurig Dr Pepper Price Performance

KDP opened at $26.93 on Friday. The business has a fifty day moving average of $28.38 and a 200 day moving average of $27.83. The stock has a market cap of $36.59 billion, a P/E ratio of 17.60, a PEG ratio of 1.49 and a beta of 0.33. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.51. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the firm posted $0.58 earnings per share. The business’s 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, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s payout ratio is 60.13%.

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.