CM Management LLC Acquires Shares of 80,000 Keurig Dr Pepper, Inc $KDP

Key Points

• CM Management LLC bought 80,000 shares (~$2.04M) of Keurig Dr Pepper in the third quarter, making KDP 1.7% of its portfolio and its 19th-largest holding, while institutional investors now own about 93.99% of the company.
• Keurig Dr Pepper beat the quarter with $0.60 EPS vs. $0.59 expected and revenue of $4.50B (vs. $4.35B), driving 10.6% YoY revenue growth and management set FY2026 guidance of $2.130–$2.170 EPS.
• The board declared a quarterly dividend of $0.23 (3.3% yield), and analysts have a consensus rating of “Moderate Buy” with an average price target of $35.40 (10 Buys, 6 Holds, 1 Sell).

CM Management LLC bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 80,000 shares of the company's stock, valued at approximately $2,041,000. Keurig Dr Pepper makes up 1.7% of CM Management LLC's investment portfolio, making the stock its 19th biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. NewEdge Advisors LLC boosted its stake in Keurig Dr Pepper by 30.6% in the first 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 raised its stake in Keurig Dr Pepper by 248.0% during 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 raised its stake in Keurig Dr Pepper by 49.2% during the first quarter. Woodline Partners LP now owns 100,870 shares of the company's stock worth $3,452,000 after acquiring an additional 33,258 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Keurig Dr Pepper in the second quarter worth about $328,000. Finally, Huntington National Bank lifted its holdings in shares of Keurig Dr Pepper by 8.2% in the second quarter. Huntington National Bank now owns 6,094 shares of the company's stock worth $201,000 after acquiring an additional 463 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Insider Activity at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 10,000 shares of the business's stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the sale, the vice president owned 54,200 shares of the company's stock, valued at $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on KDP. Barclays lifted their price target on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the company an "equal weight" rating in a report on Thursday, February 26th. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a "buy" rating to a "hold" rating and dropped their price objective for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. UBS Group reaffirmed a "buy" rating and set a $36.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Wells Fargo & Company upped their price target 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. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and a consensus price target of $35.40.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $28.25 on Friday. The business has a 50 day moving average of $28.41 and a 200-day moving average of $27.99. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year 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 company has a market capitalization of $38.38 billion, a P/E ratio of 18.46, a P/E/G ratio of 1.52 and a beta of 0.33.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the business earned $0.58 EPS. 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. On average, equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders 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 dividend yield of 3.3%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 60.13%.

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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