Caisse Des Depots ET Consignations Has $6.48 Million Stock Position in Keurig Dr Pepper, Inc $KDP

Key Points

• Caisse Des Depots et Consignations increased its stake in Keurig Dr Pepper by 25.6% in Q4 to 231,182 shares, valued at about $6.48 million.
• Institutional ownership is very high at 93.99%, and Wall Street's view is mixed-to-positive with an average "Moderate Buy" consensus and a $31.57 target amid recent price-target revisions.
• Keurig Dr Pepper recently beat quarterly EPS estimates ($0.39 vs. $0.37), reported revenue up 9.4% year‑over‑year, and pays a quarterly dividend of $0.23 (annualized yield ~3.2%).

Caisse Des Depots ET Consignations grew its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 25.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 231,182 shares of the company's stock after buying an additional 47,120 shares during the period. Caisse Des Depots ET Consignations' holdings in Keurig Dr Pepper were worth $6,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in Keurig Dr Pepper during the 3rd quarter worth about $26,000. Salomon & Ludwin LLC bought a new stake in Keurig Dr Pepper during the 4th quarter worth about $26,000. Clearstead Trust LLC lifted its position in Keurig Dr Pepper by 98.3% during the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company's stock worth $28,000 after buying an additional 536 shares in the last quarter. Mather Group LLC. bought a new stake in Keurig Dr Pepper during the 3rd quarter worth about $30,000. Finally, SBI Securities Co. Ltd. lifted its position in Keurig Dr Pepper by 71.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company's stock worth $30,000 after buying an additional 484 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of research analyst reports. Barclays upped their target price on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the company an "equal weight" rating in a report on Monday, April 27th. UBS Group upped their target price on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a "buy" rating in a report on Friday, April 24th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Keurig Dr Pepper in a report on Monday. Wells Fargo & Company dropped their target price on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a "hold" rating on the stock in a research note on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $31.57.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $29.09 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $39.58 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 1.34 and a beta of 0.41. The firm's 50 day simple moving average is $27.48 and its 200 day simple moving average is $27.73. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company's revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. As a group, research analysts expect that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, March 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 68.15%.

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.

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