Capital International Investors Lowers Stock Position in Keurig Dr Pepper, Inc $KDP

Key Points

• Capital International Investors trimmed its Keurig Dr Pepper stake by 5.2% in Q3, selling 43,954 shares and now owning 807,594 shares (about 0.06% of the company) valued at $20.6 million.
• Other institutions moved in the quarter — Bank of New York Mellon raised its stake to 7.927 million shares, Candriam and Wealth Enhancement materially increased positions, and overall institutional ownership is 93.99%, signaling a highly concentrated institutional base.
• Keurig Dr Pepper reported a $0.60 EPS (beat) and $4.50B revenue (up 10.6% YoY), pays a $0.23 quarterly dividend (3.4% yield), has a ~$36.6B market cap, and holds an analyst consensus of "Moderate Buy" with an average target of $35.40.

Capital International Investors trimmed its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 5.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 807,594 shares of the company's stock after selling 43,954 shares during the period. Capital International Investors owned approximately 0.06% of Keurig Dr Pepper worth $20,602,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. AustralianSuper Pty Ltd purchased a new position in shares of Keurig Dr Pepper during the third quarter worth about $1,217,000. Bank of New York Mellon Corp raised its stake in Keurig Dr Pepper by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company's stock valued at $202,221,000 after acquiring an additional 223,160 shares during the last quarter. Candriam S.C.A. lifted its position in Keurig Dr Pepper by 50.9% during the 3rd 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 period. Wealth Enhancement Advisory Services LLC lifted its position in Keurig Dr Pepper by 69.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company's stock worth $2,660,000 after acquiring an additional 43,223 shares during the period. Finally, National Pension Service grew its stake in shares of Keurig Dr Pepper by 3.0% in the 3rd quarter. National Pension Service now owns 2,031,297 shares of the company's stock valued at $51,818,000 after purchasing an additional 58,594 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $26.93 on Friday. The stock has a market capitalization of $36.59 billion, a P/E ratio of 17.60, a P/E/G 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 company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.43. The firm's 50-day moving average is $28.38 and its two-hundred day moving average is $27.83.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.35 billion. During the same quarter last year, the firm earned $0.58 earnings per share. The business's 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. Equities analysts predict 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. Investors of record on Friday, March 27th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 annualized dividend and a yield of 3.4%. Keurig Dr Pepper's payout ratio is 60.13%.

Analyst Ratings Changes

A number of equities analysts have commented on KDP shares. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a "buy" rating to a "hold" rating and cut their price objective for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. Wells Fargo & Company boosted their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 25th. UBS Group reissued a "buy" rating and set a $36.00 price target on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Piper Sandler raised their price objective 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, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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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