Groupama Asset Managment Sells 23,455 Shares of Keurig Dr Pepper, Inc $KDP

Groupama Asset Managment lowered its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 65.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,425 shares of the company’s stock after selling 23,455 shares during the period. Groupama Asset Managment’s holdings in Keurig Dr Pepper were worth $317,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Keurig Dr Pepper in the 2nd quarter valued at about $568,525,000. Invesco Ltd. raised its stake in shares of Keurig Dr Pepper by 43.2% during the second quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock worth $1,040,320,000 after buying an additional 9,494,503 shares during the last quarter. State Street Corp lifted its holdings 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 buying an additional 6,412,494 shares during the period. Franklin Resources Inc. lifted its holdings in Keurig Dr Pepper by 404.3% in the second quarter. Franklin Resources Inc. now owns 3,852,030 shares of the company’s stock valued at $127,348,000 after buying an additional 3,088,121 shares during the period. Finally, Ilex Capital Partners UK LLP boosted its stake in Keurig Dr Pepper by 166.3% in the second quarter. Ilex Capital Partners UK LLP now owns 4,533,660 shares of the company’s stock valued at $149,883,000 after acquiring an additional 2,831,078 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Down 2.1%

Shares of NASDAQ KDP opened at $26.59 on Friday. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $36.12. The stock has a market cap of $36.13 billion, a price-to-earnings ratio of 17.38, a P/E/G ratio of 1.38 and a beta of 0.33. 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 company’s fifty day moving average is $28.35 and its 200-day moving average is $27.73.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. Equities research analysts predict 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. Stockholders of record on Friday, March 27th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 60.13%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KDP. Barclays upped their target price on shares of 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. Piper Sandler raised their price target on Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Wells Fargo & Company upped 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. Finally, Jefferies Financial Group lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. Ten equities research 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.40.

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.