Private Management Group Inc. Buys Shares of 1,388,430 Keurig Dr Pepper, Inc $KDP

Private Management Group Inc. purchased a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the third quarter, HoldingsChannel.com reports. The fund purchased 1,388,430 shares of the company’s stock, valued at approximately $35,419,000. Keurig Dr Pepper comprises 1.1% of Private Management Group Inc.’s investment portfolio, making the stock its 23rd largest holding.

Other institutional investors have also modified their holdings of the company. Quinn Opportunity Partners LLC purchased a new position in Keurig Dr Pepper in the 3rd quarter valued at approximately $9,796,000. Jump Financial LLC raised its holdings in Keurig Dr Pepper by 884.5% during the third quarter. Jump Financial LLC now owns 749,115 shares of the company’s stock worth $19,110,000 after purchasing an additional 673,026 shares during the last quarter. Pathstone Holdings LLC boosted its position in Keurig Dr Pepper by 5.6% during the third quarter. Pathstone Holdings LLC now owns 2,119,070 shares of the company’s stock worth $54,060,000 after purchasing an additional 111,713 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in Keurig Dr Pepper by 5.0% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 34,081 shares of the company’s stock valued at $869,000 after purchasing an additional 1,624 shares during the last quarter. Finally, Eisler Capital Management Ltd. grew its holdings in Keurig Dr Pepper by 153.4% in the third quarter. Eisler Capital Management Ltd. now owns 20,769 shares of the company’s stock valued at $533,000 after purchasing an additional 12,574 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on KDP shares. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Jefferies Financial Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. Wells Fargo & Company increased their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Piper Sandler raised their target price on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Finally, Barclays lifted their target price on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Ten analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.40.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $27.41 on Friday. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $36.12. The stock has a market cap of $37.24 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 1.40 and a beta of 0.33. The business has a fifty day moving average of $28.38 and a 200-day moving average of $27.81. 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 (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.35 billion. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.58 earnings per share. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. As a group, analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

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

Keurig Dr Pepper 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.