291,454 Shares in Keurig Dr Pepper, Inc $KDP Acquired by Entropy Technologies LP

Key Points

• Entropy Technologies LP purchased a new stake of 291,454 shares in Keurig Dr Pepper (≈$7.435M) in Q3, and other large institutions (Vanguard, State Street, Invesco) also materially increased positions, leaving about 93.99% of the stock held by institutional investors.
• Keurig Dr Pepper beat expectations for the latest quarter with EPS $0.60 vs. $0.59 and revenue of $4.50B (up 10.6% YoY), and set FY2026 guidance of EPS 2.130–2.170.
• The company announced a quarterly dividend of $0.23 (annualized yield ~3.4%), and analysts maintain a "Moderate Buy" consensus with a $35.40 average target while the stock trades at a market cap of about $36.6B and a P/E of 17.6.

Entropy Technologies LP purchased a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm purchased 291,454 shares of the company's stock, valued at approximately $7,435,000.

A number of other hedge funds have also recently made changes to their positions in KDP. Vanguard Group Inc. grew its stake in Keurig Dr Pepper by 9.8% in the second quarter. Vanguard Group Inc. now owns 159,257,574 shares of the company's stock valued at $5,265,055,000 after purchasing an additional 14,244,768 shares during the last quarter. State Street Corp grew its position in shares of Keurig Dr Pepper by 11.2% in the 2nd quarter. State Street Corp now owns 63,608,006 shares of the company's stock worth $2,117,279,000 after buying an additional 6,412,494 shares during the last quarter. Invesco Ltd. raised its stake in shares of Keurig Dr Pepper by 43.2% during the 2nd quarter. Invesco Ltd. now owns 31,467,631 shares of the company's stock worth $1,040,320,000 after acquiring an additional 9,494,503 shares in the last quarter. Geode Capital Management LLC lifted its position in Keurig Dr Pepper by 13.5% during the second quarter. Geode Capital Management LLC now owns 30,217,363 shares of the company's stock valued at $994,275,000 after acquiring an additional 3,595,579 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Keurig Dr Pepper by 0.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,558,966 shares of the company's stock valued at $524,459,000 after acquiring an additional 182,341 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Down 2.6%

KDP stock opened at $26.93 on Friday. The company has a market capitalization of $36.59 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 1.49 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 firm's fifty day simple moving average is $28.38 and its 200-day simple moving average is $27.83. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.43.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $4.35 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. The firm's quarterly revenue 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 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.4%. Keurig Dr Pepper's dividend payout ratio is presently 60.13%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KDP. Barclays boosted their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 26th. Wells Fargo & Company upped their price objective on shares of 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 cut 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 note on Tuesday, December 16th. UBS Group restated a "buy" rating and set a $36.00 price target on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Finally, Piper Sandler boosted their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, December 15th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.

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