Pallas Capital Advisors LLC Boosts Holdings in Keurig Dr Pepper, Inc $KDP

Pallas Capital Advisors LLC grew its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 482.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,762 shares of the company’s stock after purchasing an additional 46,194 shares during the period. Pallas Capital Advisors LLC’s holdings in Keurig Dr Pepper were worth $1,562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KDP. Asset Dedication LLC lifted its holdings in Keurig Dr Pepper by 3.8% in the second quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock worth $262,000 after buying an additional 288 shares during the period. Auxier Asset Management grew its holdings in shares of Keurig Dr Pepper by 0.4% during the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after acquiring an additional 318 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Keurig Dr Pepper by 3.0% during the 4th quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock worth $383,000 after acquiring an additional 405 shares during the period. BOKF NA raised its position in shares of Keurig Dr Pepper by 44.1% in the 3rd quarter. BOKF NA now owns 1,388 shares of the company’s stock worth $35,000 after acquiring an additional 425 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised 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 worth $30,000 after acquiring an additional 484 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $26.23 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.43 and a current ratio of 0.64. The firm has a market cap of $35.64 billion, a P/E ratio of 17.14, a P/E/G ratio of 1.36 and a beta of 0.33. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $36.12. The firm has a 50-day simple moving average of $28.21 and a two-hundred day simple moving average of $27.65.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $4.50 billion for 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 business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.58 earnings per share. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. Analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 60.13%.

Analysts Set New Price Targets

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

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.