Quinn Opportunity Partners LLC Invests $9.80 Million in Keurig Dr Pepper, Inc $KDP

Quinn Opportunity Partners LLC bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 384,000 shares of the company’s stock, valued at approximately $9,796,000.

Other institutional investors have also made changes to their positions in the company. AustralianSuper Pty Ltd bought a new position in Keurig Dr Pepper in the 3rd quarter valued at $1,217,000. Bank of New York Mellon Corp raised its position in shares of Keurig Dr Pepper by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock worth $202,221,000 after acquiring an additional 223,160 shares during the last quarter. Candriam S.C.A. raised its position in shares of Keurig Dr Pepper by 50.9% during the third quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock worth $9,634,000 after acquiring an additional 127,389 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Keurig Dr Pepper by 69.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company’s stock valued at $2,660,000 after acquiring an additional 43,223 shares during the period. Finally, National Pension Service boosted its holdings in Keurig Dr Pepper by 3.0% in the third quarter. National Pension Service now owns 2,031,297 shares of the company’s stock valued at $51,818,000 after acquiring an additional 58,594 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KDP shares. UBS Group reiterated a “buy” rating and issued a $36.00 price target on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Piper Sandler upped their target price on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, December 15th. Wells Fargo & Company raised their target price 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. Jefferies Financial Group cut shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and lowered their price target for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.40.

Keurig Dr Pepper Stock Up 1.8%

NASDAQ:KDP opened at $27.41 on Friday. The stock has a 50-day simple moving average of $28.38 and a 200 day simple moving average of $27.81. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $36.12. The company has a market cap of $37.24 billion, a PE ratio of 17.92, a PEG ratio of 1.40 and a beta of 0.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.43 and a current ratio of 0.64.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Tuesday, February 24th. The company reported $0.60 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the business posted $0.58 EPS. The business’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. On average, sell-side analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s payout ratio is currently 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.