Assetmark Inc. Has $2.23 Million Holdings in Keurig Dr Pepper, Inc $KDP

Assetmark Inc. increased its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 47.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,587 shares of the company’s stock after purchasing an additional 25,470 shares during the period. Assetmark Inc.’s holdings in Keurig Dr Pepper were worth $2,229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Auxier Asset Management raised its position in shares of Keurig Dr Pepper by 0.4% during the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after acquiring an additional 318 shares during the last quarter. Park Avenue Securities LLC raised its holdings in Keurig Dr Pepper by 3.0% during the 4th quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock worth $383,000 after buying an additional 405 shares during the period. BOKF NA raised its holdings in shares of Keurig Dr Pepper by 44.1% during the third quarter. BOKF NA now owns 1,388 shares of the company’s stock worth $35,000 after acquiring an additional 425 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 484 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its stake in Keurig Dr Pepper by 0.9% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 57,687 shares of the company’s stock valued at $1,472,000 after acquiring an additional 493 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Down 0.1%

KDP stock opened at $26.50 on Tuesday. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $36.00 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 1.34 and a beta of 0.35. The firm has a 50-day moving average price of $27.66 and a 200-day moving average price of $27.61.

Keurig Dr Pepper (NASDAQ:KDP) last posted its 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 return on equity of 11.14% and a net margin of 12.52%.The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the company earned $0.58 earnings per share. The business’s quarterly 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. As a group, equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.27 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have commented on KDP. UBS Group cut their price target on shares of Keurig Dr Pepper from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Evercore upgraded Keurig Dr Pepper to a “hold” rating in a research note on Monday, April 6th. Barclays cut their price objective on shares of Keurig Dr Pepper from $32.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Citigroup dropped their target price on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $32.38.

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.