Benson Investment Management Company Inc. Purchases New Position in Keurig Dr Pepper, Inc $KDP

Benson Investment Management Company Inc. purchased a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 212,480 shares of the company’s stock, valued at approximately $5,952,000. Keurig Dr Pepper accounts for approximately 2.1% of Benson Investment Management Company Inc.’s portfolio, making the stock its 25th biggest position.

Several other hedge funds have also bought and sold shares of KDP. Root Financial Partners LLC acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at $26,000. Clearstead Trust LLC grew its position in Keurig Dr Pepper by 98.3% during the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after buying an additional 536 shares during the period. Mather Group LLC. purchased a new position in Keurig Dr Pepper in the third quarter valued at $30,000. SBI Securities Co. Ltd. raised its position in shares of Keurig Dr Pepper by 71.7% in the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after acquiring an additional 484 shares during the period. Finally, Bartlett & CO. Wealth Management LLC raised its position in shares of Keurig Dr Pepper by 347.3% in the third quarter. Bartlett & CO. Wealth Management LLC now owns 1,230 shares of the company’s stock worth $31,000 after acquiring an additional 955 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 1.9%

KDP opened at $26.53 on Friday. The stock has a market capitalization of $36.05 billion, a PE ratio of 17.34, a P/E/G ratio of 1.31 and a beta of 0.35. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.43 and a current ratio of 0.64. The business’s 50 day moving average price is $27.70 and its 200 day moving average price is $27.57.

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

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 60.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup dropped their target price on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. Evercore raised Keurig Dr Pepper to a “hold” rating in a report on Monday, April 6th. Wells Fargo & Company cut their price objective on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. reduced their target price on Keurig Dr Pepper from $36.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday. Seven research 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 data from MarketBeat, the company has an average rating of “Hold” and an average price target of $32.38.

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.