Collaborative Fund Advisors LLC Takes $1.90 Million Position in Keurig Dr Pepper, Inc $KDP

Collaborative Fund Advisors LLC acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 72,144 shares of the company’s stock, valued at approximately $1,900,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Keurig Dr Pepper by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 160,958,816 shares of the company’s stock valued at $4,508,456,000 after acquiring an additional 1,538,456 shares during the last quarter. State Street Corp lifted its holdings in Keurig Dr Pepper by 1.6% during the 3rd quarter. State Street Corp now owns 64,594,706 shares of the company’s stock worth $1,662,361,000 after buying an additional 986,700 shares during the period. Wellington Management Group LLP grew its position in shares of Keurig Dr Pepper by 37.0% in the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock valued at $1,596,664,000 after buying an additional 15,393,753 shares during the last quarter. Geode Capital Management LLC increased its stake 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 buying an additional 1,187,457 shares during the period. Finally, T. Rowe Price Investment Management Inc. bought a new position in shares of Keurig Dr Pepper during the fourth quarter worth about $727,667,000. 93.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on KDP shares. The Goldman Sachs Group upgraded Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a report on Thursday, June 25th. Zacks Research downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a research note on Friday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $32.40.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $33.30 on Monday. The business has a 50 day simple moving average of $30.34 and a 200 day simple moving average of $28.63. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94. The stock has a market capitalization of $45.31 billion, a P/E ratio of 24.67, a P/E/G ratio of 1.52 and a beta of 0.40. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same period in the previous year, the company posted $0.42 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts expect that Keurig Dr Pepper, Inc will post 2.29 earnings per share 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 $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 68.15%.

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.