Keurig Dr Pepper, Inc $KDP Shares Sold by Capital World Investors

Key Points

• Capital World Investors trimmed its stake by 12.1%, selling 15,767,533 shares and now owning 114,759,852 shares (about 8.45% of KDP) valued at roughly $2.93 billion; overall institutional ownership is ~93.99%.
• Keurig Dr Pepper beat quarterly estimates with $0.60 EPS (vs. $0.59) and $4.50 billion revenue (up 10.6% YoY vs. $4.35B est.), and set FY2026 guidance at $2.130–$2.170 EPS.
• Dividend and analyst view: the company declared a $0.23 quarterly dividend ($0.92 annual, 3.3% yield; ex-dividend Mar 27, payable Apr 10), and analysts have a consensus "Moderate Buy" target of $35.40.

Capital World Investors trimmed its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 12.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,759,852 shares of the company's stock after selling 15,767,533 shares during the quarter. Capital World Investors owned about 8.45% of Keurig Dr Pepper worth $2,927,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in Keurig Dr Pepper during the second quarter worth approximately $568,525,000. Vanguard Group Inc. boosted its stake in Keurig Dr Pepper by 9.8% during the 2nd quarter. Vanguard Group Inc. now owns 159,257,574 shares of the company's stock valued at $5,265,055,000 after purchasing an additional 14,244,768 shares in the last quarter. Invesco Ltd. boosted its stake in Keurig Dr Pepper by 43.2% during the 2nd quarter. Invesco Ltd. now owns 31,467,631 shares of the company's stock valued at $1,040,320,000 after purchasing an additional 9,494,503 shares in the last quarter. State Street Corp increased its position in shares of Keurig Dr Pepper by 11.2% during the 2nd quarter. State Street Corp now owns 63,608,006 shares of the company's stock valued at $2,117,279,000 after purchasing an additional 6,412,494 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Keurig Dr Pepper by 13.5% in the 2nd quarter. Geode Capital Management LLC now owns 30,217,363 shares of the company's stock worth $994,275,000 after buying an additional 3,595,579 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Down 0.2%

NASDAQ:KDP opened at $28.19 on Tuesday. The firm has a market capitalization of $38.30 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.52 and a beta of 0.33. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51. The business's fifty day moving average price is $28.42 and its 200 day moving average price is $27.89.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.01. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.The firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the company posted $0.58 EPS. The business's quarterly 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. On average, sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper's dividend payout ratio is currently 60.13%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the sale, the vice president owned 54,200 shares in the company, valued at $1,599,984. This represents a 15.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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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