OP Asset Management Ltd Takes Position in Keurig Dr Pepper, Inc $KDP

OP Asset Management Ltd acquired a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 131,823 shares of the company’s stock, valued at approximately $3,471,000.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Keurig Dr Pepper by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 160,958,816 shares of the company’s stock valued at $4,508,456,000 after buying an additional 1,538,456 shares during the last quarter. State Street Corp raised its holdings in shares of Keurig Dr Pepper by 1.6% in the third quarter. State Street Corp now owns 64,594,706 shares of the company’s stock worth $1,662,361,000 after acquiring an additional 986,700 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Keurig Dr Pepper by 37.0% in the fourth quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock valued at $1,596,664,000 after acquiring an additional 15,393,753 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Keurig Dr Pepper by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 31,802,056 shares of the company’s stock valued at $887,021,000 after acquiring an additional 1,187,457 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at $727,667,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Up 3.0%

NASDAQ KDP opened at $33.48 on Friday. The company has a market cap of $45.56 billion, a P/E ratio of 24.80, a P/E/G ratio of 1.49 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 company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The company has a 50-day moving average of $29.66 and a 200-day moving average of $28.50.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same period last year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

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 $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 68.15%.

Analyst Ratings Changes

KDP has been the subject of several analyst reports. Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Wells Fargo & Company lowered their target price on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Finally, Sanford C. Bernstein initiated coverage on Keurig Dr Pepper in a report on Thursday, June 11th. They issued an “outperform” rating and a $38.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Hold” and an average target price of $32.40.

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.