Avanza Fonder AB Purchases 21,852 Shares of Keurig Dr Pepper, Inc $KDP

Avanza Fonder AB grew its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 17.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 147,465 shares of the company’s stock after buying an additional 21,852 shares during the period. Avanza Fonder AB’s holdings in Keurig Dr Pepper were worth $4,130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaCore Capital LLC purchased a new stake in Keurig Dr Pepper during the second quarter valued at about $26,000. Root Financial Partners LLC bought a new position in Keurig Dr Pepper during the third quarter worth about $26,000. Clearstead Trust LLC increased its stake in shares of Keurig Dr Pepper by 98.3% in the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after purchasing an additional 536 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Keurig Dr Pepper in the third quarter worth about $30,000. Finally, SBI Securities Co. Ltd. raised its position in shares of Keurig Dr Pepper by 71.7% in the third 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. Institutional investors own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

KDP has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target 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. Piper Sandler lifted their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. Barclays boosted 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 report on Thursday, February 26th. UBS Group reaffirmed a “buy” rating and issued a $36.00 price target on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.40.

Keurig Dr Pepper Price Performance

KDP stock opened at $26.21 on Wednesday. The firm has a 50 day moving average of $28.30 and a 200-day moving average of $27.68. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12. The firm has a market capitalization of $35.61 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 1.37 and a beta of 0.33.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 EPS for the quarter, beating 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 company had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the company earned $0.58 earnings per share. Keurig Dr Pepper’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, sell-side analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a $0.23 dividend. 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 is presently 60.13%.

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.