Barrow Hanley Mewhinney & Strauss LLC Increases Stock Holdings in Keurig Dr Pepper, Inc $KDP

Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,558,966 shares of the company’s stock after buying an additional 182,341 shares during the period. Keurig Dr Pepper comprises 1.7% of Barrow Hanley Mewhinney & Strauss LLC’s portfolio, making the stock its 20th largest holding. Barrow Hanley Mewhinney & Strauss LLC owned 1.51% of Keurig Dr Pepper worth $524,459,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KDP. Mackenzie Financial Corp increased its stake in shares of Keurig Dr Pepper by 43.4% in the 3rd quarter. Mackenzie Financial Corp now owns 709,469 shares of the company’s stock worth $18,099,000 after purchasing an additional 214,804 shares in the last quarter. Franklin Resources Inc. lifted its position in Keurig Dr Pepper by 40.1% during the third quarter. Franklin Resources Inc. now owns 5,395,488 shares of the company’s stock valued at $137,639,000 after purchasing an additional 1,543,458 shares in the last quarter. Magnetar Financial LLC bought a new stake in Keurig Dr Pepper during the third quarter valued at about $8,461,000. Capital International Inc. CA increased its position in Keurig Dr Pepper by 12.5% in the third quarter. Capital International Inc. CA now owns 1,040,247 shares of the company’s stock worth $26,537,000 after buying an additional 115,781 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Keurig Dr Pepper by 7.0% in the third quarter. Legal & General Group Plc now owns 8,725,332 shares of the company’s stock worth $222,582,000 after buying an additional 569,469 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. UBS Group restated a “buy” rating and set a $36.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Wells Fargo & Company lifted 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 note on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Piper Sandler raised their price target on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Finally, Jefferies Financial Group downgraded Keurig Dr Pepper from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.00 to $32.00 in a research report on Tuesday, December 16th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus target price of $35.40.

Insider Buying and Selling

In other news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction on Friday, December 12th. The stock was 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 of the company’s stock, valued at approximately $1,599,984. This represents 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. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Trading Down 0.5%

Shares of KDP stock opened at $28.04 on Wednesday. The company has a market cap of $38.10 billion, a PE ratio of 18.33, a price-to-earnings-growth 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. The stock’s 50 day simple moving average is $28.41 and its two-hundred day simple moving average is $27.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.35 billion. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. Research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 annualized dividend and a yield of 3.3%. 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.