Bank of Nova Scotia Raises Stake in Keurig Dr Pepper, Inc $KDP

Bank of Nova Scotia raised its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 1,070.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,566,663 shares of the company’s stock after acquiring an additional 1,432,788 shares during the period. Bank of Nova Scotia owned approximately 0.12% of Keurig Dr Pepper worth $39,966,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Aquatic Capital Management LLC purchased a new position in shares of Keurig Dr Pepper during the third quarter worth $35,035,000. 44 Wealth Management LLC boosted its holdings in Keurig Dr Pepper by 17.9% in the third quarter. 44 Wealth Management LLC now owns 31,627 shares of the company’s stock valued at $807,000 after purchasing an additional 4,809 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in Keurig Dr Pepper in the third quarter valued at $2,551,000. AQR Capital Management LLC grew its position in Keurig Dr Pepper by 13.0% during the 3rd quarter. AQR Capital Management LLC now owns 3,020,158 shares of the company’s stock worth $77,044,000 after purchasing an additional 348,375 shares during the period. Finally, SummitTX Capital L.P. grew its position in Keurig Dr Pepper by 231.5% during the 3rd quarter. SummitTX Capital L.P. now owns 84,766 shares of the company’s stock worth $2,162,000 after purchasing an additional 59,197 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KDP shares. Barclays boosted their price objective on Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Jefferies Financial Group cut Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.00 to $32.00 in a research report on Tuesday, December 16th. Piper Sandler boosted their price target on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Finally, UBS Group reaffirmed a “buy” rating and set a $36.00 target price on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.40.

Keurig Dr Pepper Stock Up 1.8%

Keurig Dr Pepper stock opened at $27.41 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.43. The stock has a market capitalization of $37.24 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.42 and a beta of 0.33. The business has a 50 day simple moving average of $28.38 and a 200-day simple moving average of $27.78. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.The firm had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the firm posted $0.58 EPS. The business’s revenue was up 10.6% on a year-over-year basis. 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 fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 60.13%.

About Keurig Dr Pepper

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.