Keurig Dr Pepper, Inc $KDP Position Trimmed by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC trimmed its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 4.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 561,375 shares of the company’s stock after selling 27,887 shares during the period. Clarkston Capital Partners LLC’s holdings in Keurig Dr Pepper were worth $14,321,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AustralianSuper Pty Ltd acquired a new position in Keurig Dr Pepper in the third quarter valued at approximately $1,217,000. Bank of New York Mellon Corp grew its holdings in shares of Keurig Dr Pepper by 2.9% during the third 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. raised its position in shares of Keurig Dr Pepper by 50.9% during the 3rd quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock worth $9,634,000 after purchasing an additional 127,389 shares during the period. ProShare Advisors LLC raised its position in shares of Keurig Dr Pepper by 7.0% during the 2nd quarter. ProShare Advisors LLC now owns 2,134,176 shares of the company’s stock worth $70,556,000 after purchasing an additional 140,012 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings 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 worth $2,660,000 after purchasing an additional 43,223 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the vice president directly owned 54,200 shares in the company, valued at approximately $1,599,984. The trade was a 15.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

KDP has been the subject of a number of analyst reports. Jefferies Financial Group lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $32.00 in a research report on Tuesday, December 16th. UBS Group reiterated a “buy” rating and issued a $36.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Wells Fargo & Company boosted their price target 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. Barclays upped their price target on shares of 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. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average price target of $35.40.

Keurig Dr Pepper Stock Up 0.7%

Shares of Keurig Dr Pepper stock opened at $28.25 on Monday. The business’s fifty day moving average price is $28.41 and its two-hundred day moving average price is $27.94. 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 company has a market capitalization of $38.38 billion, a P/E ratio of 18.46, a PEG ratio of 1.52 and a beta of 0.33. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly 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. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.The company had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the business posted $0.58 earnings per share. The company’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. As a group, research analysts forecast 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 will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio is currently 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.