Russell Investments Group Ltd. Sells 41,069 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Russell Investments trimmed its stake in Keurig Dr Pepper by 3.3% in Q3, selling 41,069 shares and ending the quarter with 1,190,448 shares valued at about $30.48 million.
• Keurig Dr Pepper slightly beat estimates with $0.60 EPS versus $0.59 and $4.50 billion in revenue (up 10.6% YoY), issued FY2026 guidance of $2.13–$2.17 EPS, and carries a consensus analyst rating of Moderate Buy with a $35.40 average price target (several firms have raised targets, Wells Fargo to $40).
• The company announced a quarterly dividend of $0.23 (annualized $0.92) yielding about 3.4%, with an ex-dividend date of March 27 and a payout ratio around 60%.

Russell Investments Group Ltd. lowered its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,190,448 shares of the company's stock after selling 41,069 shares during the quarter. Russell Investments Group Ltd. owned 0.09% of Keurig Dr Pepper worth $30,482,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in KDP. AlphaCore Capital LLC bought a new position in Keurig Dr Pepper in the second quarter valued at about $26,000. Root Financial Partners LLC purchased a new stake in shares of Keurig Dr Pepper during the 3rd quarter valued at about $26,000. Clearstead Trust LLC lifted its stake in shares of Keurig Dr Pepper by 98.3% in the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company's stock worth $28,000 after purchasing an additional 536 shares during the period. Mather Group LLC. bought a new position in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $30,000. Finally, SBI Securities Co. Ltd. boosted its holdings 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. Institutional investors own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KDP. Barclays boosted their target price 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. Weiss Ratings reissued a "hold (c-)" rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. UBS Group restated a "buy" rating and issued a $36.00 price objective on shares of Keurig Dr Pepper in a research note on Thursday, February 26th. Wells Fargo & Company lifted their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, February 25th. Finally, Piper Sandler upped their price target on Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, December 15th. Ten equities 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.40.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $26.93 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.51. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $36.12. The business has a 50-day moving average price of $28.38 and a 200-day moving average price of $27.83. The firm has a market cap of $36.59 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth 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 (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the company earned $0.58 EPS. The firm's quarterly revenue was up 10.6% on a year-over-year basis. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. As a group, equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper's payout ratio is 60.13%.

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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