Pacer Advisors Inc. Sells 56,949 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Pacer Advisors reduced its Keurig Dr Pepper position by 27.6%: The fund sold 56,949 shares in the first quarter and retained 149,288 shares worth approximately $3.93 million.
• KDP exceeded quarterly expectations: The company reported $0.57 in EPS and $7.31 billion in revenue, beating analyst estimates of $0.54 EPS and $7.23 billion in revenue. Revenue increased 75.6% year over year.
• Investors continue to receive a 3.0% dividend yield, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $33.94 versus the stock’s reported price of $30.37.

Pacer Advisors Inc. lowered its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 27.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,288 shares of the company's stock after selling 56,949 shares during the period. Pacer Advisors Inc.'s holdings in Keurig Dr Pepper were worth $3,931,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. NewEdge Advisors LLC grew 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% in the first quarter. Empowered Funds LLC now owns 69,801 shares of the company's stock worth $2,389,000 after acquiring an additional 49,741 shares during the period. Woodline Partners LP boosted its stake in Keurig Dr Pepper by 49.2% in the first quarter. Woodline Partners LP now owns 100,870 shares of the company's stock valued at $3,452,000 after acquiring an additional 33,258 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Keurig Dr Pepper in the second quarter valued at about $328,000. Finally, Jump Financial LLC grew its position in shares of Keurig Dr Pepper by 253.6% during the 2nd quarter. Jump Financial LLC now owns 76,089 shares of the company's stock valued at $2,516,000 after acquiring an additional 54,571 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $30.37 on Friday. The firm has a market capitalization of $41.32 billion, a P/E ratio of 22.50, a PEG ratio of 1.41 and a beta of 0.40. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94. 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 fifty day moving average price of $31.19 and a 200-day moving average price of $29.13.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the company posted $0.49 EPS. The firm's revenue for the quarter was up 75.6% compared to the same quarter last year. As a group, equities research analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS 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 paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 3.0%. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 68.15%.

Analyst Ratings Changes

A number of equities research analysts recently commented on KDP shares. BNP Paribas Exane raised shares of Keurig Dr Pepper from an "underperform" rating to a "neutral" rating and set a $28.00 price target on the stock in a report on Wednesday, April 22nd. Zacks Research downgraded Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 18th. The Goldman Sachs Group upgraded Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a research note on Thursday, June 25th. Wells Fargo & Company set a $37.00 price target on Keurig Dr Pepper in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $33.94.

Key Headlines Impacting Keurig Dr Pepper

Here are the key news stories impacting Keurig Dr Pepper this week:

• Positive Sentiment: Quarterly results exceeded expectations. KDP reported adjusted earnings of $0.57 per share, up from $0.49 a year ago and ahead of analyst estimates of approximately $0.54-$0.55. Revenue reached $7.31 billion, surpassing the $7.23 billion consensus estimate. Keurig Dr Pepper Reports Q2 Results and Reaffirms Guidance for 2026
• Positive Sentiment: Growth was led by U.S. Refreshment Beverages and JDE Peet’s. Management also cited efficiency initiatives as supporting performance, while reported revenue benefited substantially from the JDE Peet’s combination. Keurig Q2 Earnings and Sales Beat Estimates on JDE Peet’s Strength
• Neutral Sentiment: Full-year guidance was reaffirmed rather than raised. KDP maintained its 2026 constant-currency net sales outlook of $25.9 billion to $26.4 billion, broadly in line with the $26.2 billion consensus estimate, and continues to target a 4.1x pro forma management leverage ratio at year-end. Keurig Dr Pepper Maintains Annual Forecasts After Quarterly Results Beat
• Negative Sentiment: The planned separation into two companies remains in progress. Although the restructuring could create longer-term strategic value, continued separation work may add execution complexity and costs, giving investors a reason to remain cautious despite the quarterly beat. Keurig Dr Pepper Posts Higher Sales as Separation Work Continues

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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