Groupe la Francaise Acquires New Stake in Keurig Dr Pepper, Inc $KDP

Groupe la Francaise bought a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 122,833 shares of the company’s stock, valued at approximately $4,043,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Keurig Dr Pepper by 21.3% in the 1st quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company’s stock worth $4,962,338,000 after acquiring an additional 25,425,644 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Keurig Dr Pepper by 108.1% in the first quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company’s stock valued at $1,330,565,000 after purchasing an additional 20,196,835 shares during the period. Norges Bank bought a new position in Keurig Dr Pepper in the second quarter worth approximately $568,525,000. Geode Capital Management LLC increased its holdings in Keurig Dr Pepper by 13.5% during the 2nd quarter. Geode Capital Management LLC now owns 30,217,363 shares of the company’s stock worth $994,275,000 after purchasing an additional 3,595,579 shares during the period. Finally, Franklin Resources Inc. raised its position in Keurig Dr Pepper by 404.3% during the 2nd quarter. Franklin Resources Inc. now owns 3,852,030 shares of the company’s stock valued at $127,348,000 after purchasing an additional 3,088,121 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $28.33 on Thursday. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The company has a 50 day moving average price of $26.91 and a 200 day moving average price of $30.33. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $38.49 billion, a P/E ratio of 24.42, a PEG ratio of 1.81 and a beta of 0.35.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. Sell-side analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 79.31%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. BNP Paribas lowered Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. BNP Paribas Exane downgraded shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, August 26th. HSBC reiterated a “hold” rating and set a $30.00 price objective (down from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Finally, Citigroup reduced their price objective on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Hold” and a consensus target price of $35.27.

About Keurig Dr Pepper

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.