B. Metzler seel. Sohn & Co. AG Purchases 27,553 Shares of Keurig Dr Pepper, Inc $KDP

B. Metzler seel. Sohn & Co. AG raised its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 33.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,997 shares of the company’s stock after purchasing an additional 27,553 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Keurig Dr Pepper were worth $2,781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Keurig Dr Pepper in the 2nd quarter valued at $568,525,000. Vanguard Group Inc. lifted its position in shares of Keurig Dr Pepper by 9.8% during the 2nd quarter. Vanguard Group Inc. now owns 159,257,574 shares of the company’s stock worth $5,265,055,000 after buying an additional 14,244,768 shares during the last quarter. Invesco Ltd. boosted its stake in Keurig Dr Pepper by 43.2% in the second quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock valued at $1,040,320,000 after buying an additional 9,494,503 shares in the last quarter. State Street Corp grew its position in Keurig Dr Pepper by 11.2% in the second quarter. State Street Corp now owns 63,608,006 shares of the company’s stock valued at $2,117,279,000 after acquiring an additional 6,412,494 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Keurig Dr Pepper by 13.5% in the second quarter. Geode Capital Management LLC now owns 30,217,363 shares of the company’s stock valued at $994,275,000 after acquiring an additional 3,595,579 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Jefferies Financial Group cut shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and dropped their target price for the stock from $39.00 to $32.00 in a report on Tuesday, December 16th. Piper Sandler lifted their price target on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Barclays upped their price objective 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company raised their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.40.

Insider Activity

In other news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the transaction, the vice president owned 54,200 shares in the company, valued at approximately $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $28.19 on Tuesday. The firm has a market capitalization of $38.30 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.52 and a beta of 0.33. 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 business’s 50-day moving average price is $28.42 and its 200-day moving average price is $27.89. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 earnings per share (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 company had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The firm’s revenue 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 forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared 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. This represents a $0.92 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio is 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.