Grantham Mayo Van Otterloo & Co. LLC Trims Stake in Keurig Dr Pepper, Inc $KDP

Key Points

• Grantham Mayo Van Otterloo & Co. LLC trimmed its KDP stake by 59.9% in Q3, selling 188,065 shares and leaving the firm with 125,983 shares valued at about $3.214 million.
• Insider sale: VP Angela A. Stephens sold 10,000 shares at $29.52 on Dec. 12, reducing her holding by 15.58% to 54,200 shares; insiders own roughly 1% of KDP.
• Fundamentals and shareholder return: KDP beat quarterly EPS and revenue ($0.60 vs. $0.59; $4.50B vs. $4.35B), set FY2026 EPS guidance of 2.130–2.170, and announced a $0.23 quarterly dividend (3.3% yield).

Grantham Mayo Van Otterloo & Co. LLC trimmed its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 59.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,983 shares of the company's stock after selling 188,065 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Keurig Dr Pepper were worth $3,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KDP. AlphaCore Capital LLC bought a new stake in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $26,000. Root Financial Partners LLC bought a new position in Keurig Dr Pepper in the 3rd quarter valued at $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company's stock worth $34,000 after purchasing an additional 1,023 shares during the period. Clearstead Trust LLC increased its stake in Keurig Dr Pepper by 98.3% in the third 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. Finally, SBI Securities Co. Ltd. lifted its position in shares of Keurig Dr Pepper by 71.7% during the third 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 last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 10,000 shares of the firm's stock in a transaction dated 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 directly owned 54,200 shares in the company, valued at approximately $1,599,984. This trade represents a 15.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Keurig Dr Pepper Stock Down 0.5%

Keurig Dr Pepper stock opened at $28.04 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.51. The firm has a market cap of $38.10 billion, a P/E ratio of 18.33, a P/E/G ratio of 1.52 and a beta of 0.33. The business has a fifty day moving average of $28.41 and a two-hundred day moving average of $27.84. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.35 billion. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.The business's revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. On average, analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a $0.23 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. Keurig Dr Pepper's payout ratio is currently 60.13%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Jefferies Financial Group lowered shares of Keurig Dr Pepper from a "buy" rating to a "hold" rating and lowered their target price for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. Wells Fargo & Company lifted their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, February 25th. Weiss Ratings reissued a "hold (c-)" rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Barclays upped their target price on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 26th. Finally, UBS Group reaffirmed a "buy" rating and set a $36.00 price target on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Ten 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. According to MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average price target of $35.40.

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.

Want to see what other hedge funds are holding KDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.