Keurig Dr Pepper, Inc $KDP Shares Acquired by Legal & General Group Plc

Key Points

• Legal & General Group Plc raised its stake in Keurig Dr Pepper by 7.0% in Q3 to 8,725,332 shares, a 0.64% ownership worth about $222.6 million.
• Keurig Dr Pepper beat Q4 expectations with $0.60 EPS vs. $0.59 estimated and revenue of $4.50B (up 10.6% YoY), and set FY2026 guidance of 2.130–2.170 EPS.
• The company declared a quarterly dividend of $0.23 per share (annualized $0.92, ~3.4% yield), ex-dividend March 27/payable April 10; the stock has a market cap of about $36.6B and a PE of 17.6.

Legal & General Group Plc raised its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 7.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,725,332 shares of the company's stock after purchasing an additional 569,469 shares during the quarter. Legal & General Group Plc owned 0.64% of Keurig Dr Pepper worth $222,582,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. AlphaCore Capital LLC acquired a new position in shares of Keurig Dr Pepper in the 2nd quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at approximately $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Keurig Dr Pepper by 102,300.0% during 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 buying an additional 1,023 shares in the last quarter. Clearstead Trust LLC grew its position in shares of Keurig Dr Pepper by 98.3% during the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company's stock worth $28,000 after buying an additional 536 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in shares of Keurig Dr Pepper by 71.7% in the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company's stock worth $30,000 after buying an additional 484 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KDP. UBS Group reaffirmed a "buy" rating and issued a $36.00 price target on shares of Keurig Dr Pepper in a report on Thursday, February 26th. Jefferies Financial Group lowered shares of Keurig Dr Pepper from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $39.00 to $32.00 in a report on Tuesday, December 16th. Barclays boosted 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 report on Thursday, February 26th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company lifted their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 25th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.40.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $26.93 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.43. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12. The company has a fifty day moving average price of $28.38 and a two-hundred day moving average price of $27.83. The company has a market cap of $36.59 billion, a PE ratio of 17.60, a P/E/G ratio of 1.49 and a beta of 0.33.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, topping 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 company had revenue of $4.50 billion for the quarter, compared to analysts' expectations of $4.35 billion. During the same period in the prior year, the company earned $0.58 earnings per share. The firm's revenue was up 10.6% compared to the same quarter last year. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. Research analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed 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 is Friday, March 27th. This represents a $0.92 annualized dividend and a yield of 3.4%. Keurig Dr Pepper's dividend payout ratio is 60.13%.

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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