Cresset Asset Management LLC Lowers Stock Holdings in Keurig Dr Pepper, Inc $KDP

Cresset Asset Management LLC cut its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 47.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,201 shares of the company’s stock after selling 34,066 shares during the period. Cresset Asset Management LLC’s holdings in Keurig Dr Pepper were worth $957,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KDP. AlphaCore Capital LLC purchased a new position in shares of Keurig Dr Pepper in the second quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $26,000. Clearstead Trust LLC increased its stake in Keurig Dr Pepper by 98.3% during the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after buying an additional 536 shares during the period. Mather Group LLC. acquired a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $30,000. Finally, SBI Securities Co. Ltd. lifted its holdings in Keurig Dr Pepper by 71.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after buying an additional 484 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the transaction, the vice president owned 54,200 shares in the company, valued at $1,599,984. This represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $28.04 on Wednesday. The firm has a market capitalization of $38.10 billion, a P/E ratio of 18.33, a P/E/G ratio of 1.52 and a beta of 0.33. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $28.41 and its two-hundred day moving average is $27.84.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The business had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the previous year, the firm earned $0.58 EPS. The company’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. Research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. Keurig Dr Pepper’s payout ratio is 60.13%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays boosted 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 note on Thursday, February 26th. Jefferies Financial Group cut 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 note on Tuesday, December 16th. Piper Sandler lifted their target price on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. UBS Group restated a “buy” rating and set a $36.00 price target on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Finally, Wells Fargo & Company increased their price target on 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 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. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus price target of $35.40.

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.