Capital Group Private Client Services Inc. Cuts Stock Position in Keurig Dr Pepper, Inc $KDP

Capital Group Private Client Services Inc. cut its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 79.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,637 shares of the company’s stock after selling 443,062 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Keurig Dr Pepper were worth $2,975,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. AustralianSuper Pty Ltd purchased a new stake in Keurig Dr Pepper in the third quarter valued at about $1,217,000. Bank of New York Mellon Corp grew its stake 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. increased its holdings 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 valued at $9,634,000 after acquiring an additional 127,389 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Keurig Dr Pepper by 7.0% during the second quarter. ProShare Advisors LLC now owns 2,134,176 shares of the company’s stock valued at $70,556,000 after acquiring an additional 140,012 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Keurig Dr Pepper by 69.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company’s stock valued at $2,660,000 after purchasing an additional 43,223 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the vice president directly owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. This trade represents a 15.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Performance

KDP opened at $28.04 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12. The firm has a 50 day moving average of $28.41 and a two-hundred day moving average of $27.84. The firm has a market capitalization of $38.10 billion, a PE ratio of 18.33, a P/E/G ratio of 1.52 and a beta of 0.33.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.35 billion. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. On average, analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio is presently 60.13%.

Wall Street Analyst Weigh In

KDP has been the subject of a number of recent analyst reports. UBS Group reiterated a “buy” rating and issued a $36.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Jefferies Financial Group cut shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $32.00 in a report on Tuesday, December 16th. Wells Fargo & Company lifted their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Piper Sandler boosted their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report 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 company. According to MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average price target of $35.40.

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.