Bfsg LLC Decreases Stock Holdings in Keurig Dr Pepper, Inc $KDP

Bfsg LLC decreased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 37.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 93,316 shares of the company’s stock after selling 55,983 shares during the quarter. Bfsg LLC’s holdings in Keurig Dr Pepper were worth $2,614,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of KDP. State Street Corp raised its position in Keurig Dr Pepper by 11.2% in the 2nd quarter. State Street Corp now owns 63,608,006 shares of the company’s stock worth $2,117,279,000 after buying an additional 6,412,494 shares during the last quarter. Ilex Capital Partners UK LLP raised its position in Keurig Dr Pepper by 166.3% in the 2nd quarter. Ilex Capital Partners UK LLP now owns 4,533,660 shares of the company’s stock worth $149,883,000 after buying an additional 2,831,078 shares during the last quarter. Marshall Wace LLP raised its position in Keurig Dr Pepper by 1,546.0% in the 3rd quarter. Marshall Wace LLP now owns 2,937,129 shares of the company’s stock worth $74,926,000 after buying an additional 2,758,685 shares during the last quarter. Man Group plc raised its position in Keurig Dr Pepper by 4,084.2% in the 3rd quarter. Man Group plc now owns 2,411,713 shares of the company’s stock worth $61,523,000 after buying an additional 2,354,075 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its position in Keurig Dr Pepper by 2,129.0% in the 3rd quarter. Voloridge Investment Management LLC now owns 2,374,879 shares of the company’s stock worth $60,583,000 after buying an additional 2,268,336 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft decreased their target price on 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. Barclays boosted their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Evercore raised shares of Keurig Dr Pepper to a “hold” rating in a research report on Monday. Finally, Wells Fargo & Company reduced their price target on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $33.86.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $26.42 on Friday. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.94. The firm has a market capitalization of $35.90 billion, a P/E ratio of 17.27, a PEG ratio of 1.30 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. The company has a 50-day moving average price of $27.91 and a 200-day moving average price of $27.56.

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

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio is currently 60.13%.

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.