Florida Trust Wealth Management Co Trims Stock Position in Keurig Dr Pepper, Inc $KDP

Florida Trust Wealth Management Co decreased its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 15.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 227,255 shares of the company’s stock after selling 41,164 shares during the period. Florida Trust Wealth Management Co’s holdings in Keurig Dr Pepper were worth $6,365,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. AustralianSuper Pty Ltd purchased a new position in shares of Keurig Dr Pepper during the third quarter worth about $1,217,000. Bank of New York Mellon Corp lifted its holdings in shares of Keurig Dr Pepper by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock valued at $202,221,000 after purchasing an additional 223,160 shares during the last quarter. Candriam S.C.A. lifted its holdings in shares of Keurig Dr Pepper by 50.9% in the 3rd quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock valued at $9,634,000 after purchasing an additional 127,389 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted 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 period. Finally, Elo Mutual Pension Insurance Co boosted its position in shares of Keurig Dr Pepper by 83.7% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock valued at $5,228,000 after purchasing an additional 93,374 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $25.31 on Friday. 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 $28.02 and a 200 day moving average price of $27.60. The company has a market cap of $34.39 billion, a P/E ratio of 16.54, a PEG ratio of 1.28 and a beta of 0.35. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.51.

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

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a $0.23 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.92 annualized dividend and a yield of 3.6%. Keurig Dr Pepper’s dividend payout ratio is presently 60.13%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Jefferies Financial Group lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and cut their price target for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. UBS Group reissued a “buy” rating and issued a $36.00 price objective on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Wells Fargo & Company lifted their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, Piper Sandler increased their price target on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 15th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Hold” and an average price target of $34.36.

Keurig Dr Pepper Company 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.