AIA Group Ltd Invests $702,000 in Keurig Dr Pepper, Inc $KDP

AIA Group Ltd purchased a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,515 shares of the company’s stock, valued at approximately $702,000.

A number of other institutional investors have also recently added to or reduced their stakes in KDP. AlphaCore Capital LLC acquired a new stake in Keurig Dr Pepper in the 2nd quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new stake in Keurig Dr Pepper during the third quarter worth approximately $26,000. Clearstead Trust LLC increased its stake in Keurig Dr Pepper by 98.3% in the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after purchasing an additional 536 shares during the last quarter. Mather Group LLC. acquired a new stake in Keurig Dr Pepper during the 3rd quarter worth $30,000. Finally, SBI Securities Co. Ltd. boosted its position 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. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KDP shares. Wells Fargo & Company raised their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. UBS Group reissued a “buy” rating and issued a $36.00 price objective on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Piper Sandler lifted their price target on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. Jefferies Financial Group cut Keurig Dr Pepper from a “buy” rating to a “hold” rating and cut their price objective for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.40.

Keurig Dr Pepper Price Performance

KDP opened at $26.59 on Friday. The firm has a market capitalization of $36.13 billion, a P/E ratio of 17.38, a PEG ratio of 1.41 and a beta of 0.33. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month 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 stock has a fifty day moving average of $28.35 and a 200-day moving average of $27.73.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $4.35 billion. During the same period last year, the company posted $0.58 EPS. The business’s quarterly 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 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 issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 60.13%.

Keurig Dr Pepper 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.