Daiwa Securities Group Inc. Increases Stock Position in Keurig Dr Pepper, Inc $KDP

Key Points

• Daiwa Securities Group increased its Keurig Dr Pepper stake by 11.2% in the fourth quarter, adding 45,680 shares to bring its total holding to 455,290 shares valued at about $12.75 million.
• Institutional ownership remains very high, with hedge funds and other institutional investors holding 93.99% of KDP’s stock, while several firms recently adjusted positions in the company.
• Keurig Dr Pepper reported quarterly EPS of $0.39, topping estimates, and also announced a quarterly dividend of $0.23 per share with an annualized yield of about 3.0%.

Daiwa Securities Group Inc. raised its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 11.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 455,290 shares of the company's stock after buying an additional 45,680 shares during the period. Daiwa Securities Group Inc.'s holdings in Keurig Dr Pepper were worth $12,752,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new stake in shares of Keurig Dr Pepper in the 4th quarter worth about $26,000. Clearstead Trust LLC lifted its position in shares of Keurig Dr Pepper by 98.3% in the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company's stock worth $28,000 after purchasing an additional 536 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company's stock worth $30,000 after purchasing an additional 484 shares during the period. Activest Wealth Management lifted its position in shares of Keurig Dr Pepper by 5,642.1% in the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company's stock worth $31,000 after purchasing an additional 1,072 shares during the period. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of Keurig Dr Pepper in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on KDP shares. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an "underperform" rating to a "neutral" rating and set a $28.00 price target for the company in a research note on Wednesday, April 22nd. Citigroup decreased their price target on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a "buy" rating for the company in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a "hold" rating for the company in a research note on Monday, March 30th. UBS Group increased their price target on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Friday, April 24th. Finally, Weiss Ratings upgraded shares of Keurig Dr Pepper from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, May 11th. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $31.57.

Keurig Dr Pepper Stock Up 1.6%

NASDAQ:KDP opened at $30.53 on Friday. The firm has a market cap of $41.54 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.39 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94. The firm has a 50-day simple moving average of $28.00 and a two-hundred day simple moving average of $28.10.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. Keurig Dr Pepper's revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. Analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 68.15%.

Keurig Dr Pepper 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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