Polar Asset Management Partners Inc. Acquires Shares of 100,000 Keurig Dr Pepper, Inc $KDP

Key Points

• Polar Asset Management opened a new position in Keurig Dr Pepper in Q3, buying 100,000 shares (≈$2.55M) according to its latest 13F filing.
• Other large institutions also increased exposure—Norges Bank opened a sizable new stake (~$568.5M), while Vanguard, Invesco and State Street added tens of millions of shares—leaving institutional ownership at about 93.99%.
• KDP recently beat estimates with $0.60 EPS and 10.6% revenue growth, set FY2026 guidance of 2.130–2.170 EPS, and declared a $0.23 quarterly dividend (annualized $0.92, ~3.4% yield).

Polar Asset Management Partners Inc. bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 100,000 shares of the company's stock, valued at approximately $2,551,000.

Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Keurig Dr Pepper in the second quarter valued at about $568,525,000. Vanguard Group Inc. increased its holdings in shares of Keurig Dr Pepper by 9.8% during the second quarter. Vanguard Group Inc. now owns 159,257,574 shares of the company's stock worth $5,265,055,000 after buying an additional 14,244,768 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Keurig Dr Pepper by 43.2% during the second quarter. Invesco Ltd. now owns 31,467,631 shares of the company's stock worth $1,040,320,000 after buying an additional 9,494,503 shares in the last quarter. State Street Corp raised its stake in shares of Keurig Dr Pepper by 11.2% in the second quarter. State Street Corp now owns 63,608,006 shares of the company's stock valued at $2,117,279,000 after acquiring an additional 6,412,494 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Keurig Dr Pepper by 404.3% in the second quarter. Franklin Resources Inc. now owns 3,852,030 shares of the company's stock valued at $127,348,000 after acquiring an additional 3,088,121 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on KDP shares. Wells Fargo & Company increased their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 25th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. UBS Group reissued a "buy" rating and issued a $36.00 price objective on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Piper Sandler increased their target price on Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, December 15th. Finally, Jefferies Financial Group cut Keurig Dr Pepper from a "buy" rating to a "hold" rating and cut their price target for the company from $39.00 to $32.00 in a report on Tuesday, December 16th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $35.40.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $27.15 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. The firm has a 50 day simple moving average of $28.37 and a 200 day simple moving average of $27.75. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $36.12. The firm has a market cap of $36.89 billion, a P/E ratio of 17.75, a P/E/G ratio of 1.40 and a beta of 0.33.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. The firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.35 billion. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.The business's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. Sell-side analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a $0.23 dividend. 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 (DPR) is currently 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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