Aquatic Capital Management LLC Purchases New Shares in Keurig Dr Pepper, Inc $KDP

Key Points

• Aquatic Capital Management LLC acquired 1,373,371 shares (≈$35.0M) of Keurig Dr Pepper in Q3, representing about 0.10% ownership of KDP and ~0.7% of the fund’s portfolio (its 25th-largest holding); institutional investors own 93.99% of the stock.
• Keurig Dr Pepper slightly beat quarterly estimates with EPS of $0.60 vs. $0.59 and revenue up 10.6% to $4.50B, set FY2026 guidance of $2.13–$2.17 EPS, and declared a $0.23 quarterly dividend (3.4% yield).
• Analysts’ consensus is a Moderate Buy with an average price target of $35.40, and several firms recently raised targets (Wells Fargo to $40, Piper Sandler to $38, UBS reaffirmed buy).

Aquatic Capital Management LLC acquired a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,373,371 shares of the company's stock, valued at approximately $35,035,000. Keurig Dr Pepper makes up about 0.7% of Aquatic Capital Management LLC's investment portfolio, making the stock its 25th biggest position. Aquatic Capital Management LLC owned about 0.10% of Keurig Dr Pepper as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. AustralianSuper Pty Ltd bought a new position in Keurig Dr Pepper in the 3rd quarter valued at $1,217,000. Bank of New York Mellon Corp raised its position in shares of Keurig Dr Pepper by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company's stock worth $202,221,000 after acquiring an additional 223,160 shares during the last quarter. Candriam S.C.A. raised its position in shares of Keurig Dr Pepper by 50.9% during the third quarter. Candriam S.C.A. now owns 377,667 shares of the company's stock worth $9,634,000 after acquiring an additional 127,389 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Keurig Dr Pepper by 69.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company's stock valued at $2,660,000 after acquiring an additional 43,223 shares during the period. Finally, National Pension Service boosted its holdings in Keurig Dr Pepper by 3.0% in the third quarter. National Pension Service now owns 2,031,297 shares of the company's stock valued at $51,818,000 after acquiring an additional 58,594 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

KDP stock opened at $27.41 on Friday. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51. The firm has a market cap of $37.24 billion, a PE ratio of 17.92, a P/E/G ratio of 1.42 and a beta of 0.33. The business's 50-day moving average price is $28.38 and its two-hundred day moving average price is $27.80.

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, topping analysts' consensus estimates of $0.59 by $0.01. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.The business had revenue of $4.50 billion during the quarter, compared to analysts' expectations of $4.35 billion. During the same period in the prior year, the business earned $0.58 EPS. Keurig Dr Pepper's revenue for the quarter was up 10.6% compared to the same quarter last year. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. As a group, research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper's payout ratio is 60.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KDP shares. UBS Group reiterated a "buy" rating and set a $36.00 price target on shares of Keurig Dr Pepper in a research report on Thursday, February 26th. Weiss Ratings restated a "hold (c-)" rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Wells Fargo & Company lifted their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, February 25th. Piper Sandler upped their target price on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, December 15th. Finally, Barclays increased their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the company an "equal weight" rating in a research note on Thursday, February 26th. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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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