Amundi Buys 1,078,207 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Amundi increased its Keurig Dr Pepper stake by 23.5% in the first quarter, adding 1.08 million shares to own 5.68 million shares worth approximately $149.4 million. Institutional investors collectively hold 93.99% of KDP’s outstanding stock.
• KDP shares opened at $31.12, with a market capitalization of $42.34 billion and a 52-week range of $24.88 to $35.94. The company pays a quarterly dividend of $0.23, or $0.92 annually, yielding about 3.0%.
• Analyst sentiment is mixed but improving: JPMorgan, Barclays, and Citigroup raised price targets, while the broader analyst consensus remains “Hold” with a target price of $33.40.

Amundi lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 23.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,675,696 shares of the company's stock after acquiring an additional 1,078,207 shares during the period. Amundi owned 0.42% of Keurig Dr Pepper worth $149,441,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KDP. NewEdge Advisors LLC increased its position in Keurig Dr Pepper by 30.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company's stock valued at $530,000 after buying an additional 3,627 shares in the last quarter. Empowered Funds LLC boosted its holdings in Keurig Dr Pepper by 248.0% in the first quarter. Empowered Funds LLC now owns 69,801 shares of the company's stock worth $2,389,000 after acquiring an additional 49,741 shares in the last quarter. Woodline Partners LP grew its stake in Keurig Dr Pepper by 49.2% in the first quarter. Woodline Partners LP now owns 100,870 shares of the company's stock valued at $3,452,000 after acquiring an additional 33,258 shares during the period. Sivia Capital Partners LLC acquired a new stake in Keurig Dr Pepper in the second quarter valued at approximately $328,000. Finally, Jump Financial LLC increased its holdings in shares of Keurig Dr Pepper by 253.6% during the second quarter. Jump Financial LLC now owns 76,089 shares of the company's stock valued at $2,516,000 after acquiring an additional 54,571 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $31.12 on Friday. The company has a market capitalization of $42.34 billion, a P/E ratio of 23.05, a P/E/G ratio of 1.44 and a beta of 0.40. The business has a fifty day simple moving average of $31.10 and a two-hundred day simple moving average of $29.03. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 3.0%. Keurig Dr Pepper's dividend payout ratio (DPR) is 68.15%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KDP. JPMorgan Chase & Co. increased their target price on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Barclays upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $30.00 to $36.00 in a report on Thursday, June 25th. Weiss Ratings raised shares of Keurig Dr Pepper from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, May 11th. Zacks Research cut shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a report on Monday, May 18th. Finally, Citigroup boosted their target price on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $33.40.

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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