Keurig Dr Pepper, Inc $KDP Shares Acquired by Sei Investments Co.

Key Points

• Sei Investments Co. increased its Keurig Dr Pepper stake by 76% in the first quarter, buying an additional 1.2 million shares and bringing its total to 2.78 million shares valued at about $73.1 million.
• Institutional ownership in KDP remains very high at 93.99%, and several other hedge funds also recently boosted or initiated positions in the stock.
• Analyst views are mixed: the stock currently has a Hold consensus rating with a $33.40 price target, while Keurig Dr Pepper’s latest quarter beat EPS estimates and the company recently paid a quarterly dividend of $0.23 per share.

Sei Investments Co. lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 76.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,777,757 shares of the company's stock after acquiring an additional 1,199,521 shares during the period. Sei Investments Co. owned 0.20% of Keurig Dr Pepper worth $73,138,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new stake in Keurig Dr Pepper during the fourth quarter worth about $26,000. Meeder Asset Management Inc. raised its stake in Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company's stock worth $26,000 after purchasing an additional 759 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Keurig Dr Pepper by 102,300.0% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company's stock valued at $34,000 after purchasing an additional 1,023 shares during the last quarter. Rossby Financial LCC boosted its holdings in Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company's stock valued at $31,000 after purchasing an additional 339 shares during the last quarter. Finally, Activest Wealth Management grew its stake 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 valued at $31,000 after buying an additional 1,072 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of recent analyst reports. UBS Group raised their price target on shares of Keurig Dr Pepper from $34.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, July 16th. BNP Paribas Exane upgraded Keurig Dr Pepper from an "underperform" rating to a "neutral" rating and set a $28.00 price objective on the stock in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Keurig Dr Pepper from $34.00 to $28.00 and set a "hold" rating for the company in a research report on Monday, March 30th. Sanford C. Bernstein set a $39.00 target price on Keurig Dr Pepper in a research note on Wednesday, July 8th. Finally, Zacks Research downgraded Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 18th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.40.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $29.68 on Friday. The stock has a market capitalization of $40.38 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 1.36 and a beta of 0.40. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The business has a 50-day moving average of $30.89 and a 200 day moving average of $28.91. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The company had revenue of $3.98 billion for 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%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. As a group, sell-side analysts forecast that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a $0.23 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.1%. Keurig Dr Pepper's payout ratio is 68.15%.

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.

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.