Prudential PLC Boosts Stake in Keurig Dr Pepper, Inc $KDP

Prudential PLC raised its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 101.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 632,676 shares of the company’s stock after purchasing an additional 318,803 shares during the quarter. Prudential PLC’s holdings in Keurig Dr Pepper were worth $17,721,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Auxier Asset Management raised its position in Keurig Dr Pepper by 0.4% in the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after purchasing an additional 318 shares during the period. Park Avenue Securities LLC raised its position in Keurig Dr Pepper by 3.0% in the fourth quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock valued at $383,000 after purchasing an additional 405 shares during the period. BOKF NA raised its position in Keurig Dr Pepper by 44.1% in the third quarter. BOKF NA now owns 1,388 shares of the company’s stock valued at $35,000 after purchasing an additional 425 shares during the period. SBI Securities Co. Ltd. raised its position in Keurig Dr Pepper by 71.7% in 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 period. Finally, Ameritas Investment Partners Inc. raised its position in Keurig Dr Pepper by 0.9% in the third quarter. Ameritas Investment Partners Inc. now owns 57,687 shares of the company’s stock valued at $1,472,000 after purchasing an additional 493 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

KDP stock opened at $30.06 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $40.90 billion, a PE ratio of 22.27, a P/E/G ratio of 1.40 and a beta of 0.41. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94. The business’s fifty day moving average price is $27.92 and its 200 day moving average price is $28.09.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping 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 EPS. Keurig Dr Pepper’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts anticipate 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 will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 3.1%. Keurig Dr Pepper’s dividend payout ratio is 68.15%.

Analyst Upgrades and Downgrades

A number of research firms have commented on KDP. JPMorgan Chase & Co. lifted their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a report on Wednesday, April 22nd. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Zacks Research downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Barclays boosted their price objective on Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, April 27th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $31.57.

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.