Intact Investment Management Inc. Invests $7.67 Million in Keurig Dr Pepper, Inc $KDP

Key Points

• Intact Investment Management established a new position in Keurig Dr Pepper (KDP) in Q4, buying 273,900 shares worth about $7.67 million, and institutional investors now own roughly 93.99% of the stock.
• KDP reported a quarterly EPS beat ($0.39 vs. $0.37 consensus) with revenue up 9.4% year‑over‑year to $3.98 billion, and it pays a quarterly dividend of $0.23 (annualized yield ~3.2%).
• Analysts have an average rating of “Moderate Buy” with an average target of $31.57; price targets and sentiment vary (JPMorgan raised its target to $33 and maintains an overweight rating, while others range from $28 to $37).

Intact Investment Management Inc. bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 273,900 shares of the company's stock, valued at approximately $7,672,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. NewEdge Advisors LLC raised its position in Keurig Dr Pepper by 30.6% during 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 during the period. Empowered Funds LLC raised its position in Keurig Dr Pepper by 248.0% during the first quarter. Empowered Funds LLC now owns 69,801 shares of the company's stock valued at $2,389,000 after buying an additional 49,741 shares during the period. Woodline Partners LP raised its position in Keurig Dr Pepper by 49.2% during the first quarter. Woodline Partners LP now owns 100,870 shares of the company's stock valued at $3,452,000 after buying an additional 33,258 shares during the period. Sivia Capital Partners LLC acquired a new position in Keurig Dr Pepper during the second quarter valued at $328,000. Finally, Jump Financial LLC raised its position in Keurig Dr Pepper by 253.6% during the second quarter. Jump Financial LLC now owns 76,089 shares of the company's stock valued at $2,516,000 after buying an additional 54,571 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $29.09 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94. The stock's 50-day moving average is $27.48 and its two-hundred day moving average is $27.74. The firm has a market cap of $39.58 billion, a P/E ratio of 21.55, a PEG ratio of 1.33 and a beta of 0.41.

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

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, March 27th. Keurig Dr Pepper's dividend payout ratio is presently 68.15%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Weiss Ratings reissued a "hold (c-)" rating on shares of Keurig Dr Pepper in a research report on Monday, April 27th. JPMorgan Chase & Co. upped their price target on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an "overweight" rating in a research report on Friday, April 24th. Wells Fargo & Company dropped their price target on Keurig Dr Pepper from $40.00 to $37.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft dropped their price target on Keurig Dr Pepper from $34.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday, March 30th. Finally, Evercore set a $30.00 price target on Keurig Dr Pepper in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and an average target price of $31.57.

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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