Keurig Dr Pepper, Inc $KDP Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC trimmed its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 42.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,607 shares of the company’s stock after selling 76,456 shares during the period. CIBC Private Wealth Group LLC’s holdings in Keurig Dr Pepper were worth $2,592,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KDP. Auxier Asset Management LLC boosted its stake in Keurig Dr Pepper by 9.0% in the third quarter. Auxier Asset Management LLC now owns 78,666 shares of the company’s stock valued at $2,007,000 after acquiring an additional 6,503 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of Keurig Dr Pepper by 11.5% during the third quarter. Coldstream Capital Management Inc. now owns 15,049 shares of the company’s stock worth $384,000 after purchasing an additional 1,550 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Keurig Dr Pepper during the third quarter worth about $22,115,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Keurig Dr Pepper by 182,733.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 5,485 shares of the company’s stock valued at $140,000 after purchasing an additional 5,482 shares during the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of Keurig Dr Pepper by 46.8% in the 3rd quarter. Advisory Services Network LLC now owns 111,900 shares of the company’s stock valued at $2,855,000 after purchasing an additional 35,671 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $26.59 on Friday. The stock’s 50-day moving average price is $28.35 and its 200 day moving average price is $27.73. 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 market capitalization of $36.13 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.38 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.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 earnings per share 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 company had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period last year, the firm earned $0.58 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. As a group, equities research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current 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. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 annualized dividend and a dividend yield of 3.5%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 60.13%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KDP. Barclays upped their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. UBS Group reiterated a “buy” rating and issued a $36.00 price objective on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Wells Fargo & Company increased their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Jefferies Financial Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and lowered their target price for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.