Sumitomo Mitsui Trust Group Inc. Raises Position in Keurig Dr Pepper, Inc $KDP

Key Points

• Sumitomo Mitsui Trust Group raised its stake in Keurig Dr Pepper by 2.6% in Q4, buying 91,532 shares to hold 3,635,519 shares (about 0.27% of the company) worth roughly $101.83 million per its latest 13F filing.
• Multiple large investors — including Marshall Wace, Man Group, Voloridge, Two Sigma and Franklin Resources — also added substantial KDP positions, leaving institutional ownership at about 93.99%.
• KDP recently beat quarterly estimates (EPS $0.60 vs. $0.59; revenue $4.50B vs. $4.35B, up 10.6% YoY), pays a quarterly dividend of $0.23 (3.5% yield), and carries a consensus analyst rating of "Hold" with a $33.86 target price.

Sumitomo Mitsui Trust Group Inc. increased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,635,519 shares of the company's stock after purchasing an additional 91,532 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.27% of Keurig Dr Pepper worth $101,831,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in KDP. Marshall Wace LLP raised its position in Keurig Dr Pepper by 1,546.0% in the 3rd quarter. Marshall Wace LLP now owns 2,937,129 shares of the company's stock worth $74,926,000 after purchasing an additional 2,758,685 shares during the period. Man Group plc grew its holdings in Keurig Dr Pepper by 4,084.2% in the 3rd quarter. Man Group plc now owns 2,411,713 shares of the company's stock worth $61,523,000 after acquiring an additional 2,354,075 shares during the last quarter. Voloridge Investment Management LLC grew its holdings in Keurig Dr Pepper by 2,129.0% in the 3rd quarter. Voloridge Investment Management LLC now owns 2,374,879 shares of the company's stock worth $60,583,000 after acquiring an additional 2,268,336 shares during the last quarter. Two Sigma Investments LP grew its holdings in Keurig Dr Pepper by 1,538.4% in the 3rd quarter. Two Sigma Investments LP now owns 1,788,162 shares of the company's stock worth $45,616,000 after acquiring an additional 1,679,023 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Keurig Dr Pepper by 40.1% in the 3rd quarter. Franklin Resources Inc. now owns 5,395,488 shares of the company's stock worth $137,639,000 after acquiring an additional 1,543,458 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "hold (c-)" rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Wells Fargo & Company cut their price target on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Wednesday, April 8th. Barclays raised their price target on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an "equal weight" rating in a report on Thursday, February 26th. Evercore raised shares of Keurig Dr Pepper to a "hold" rating in a report on Monday, April 6th. Finally, Jefferies Financial Group lowered shares of Keurig Dr Pepper from a "buy" rating to a "hold" rating and cut their price target for the stock from $39.00 to $32.00 in a report on Tuesday, December 16th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of "Hold" and a consensus target price of $33.86.

Keurig Dr Pepper Trading Down 2.0%

Shares of KDP opened at $26.04 on Tuesday. The firm's 50-day moving average price is $27.87 and its 200-day moving average price is $27.59. The firm has a market capitalization of $35.38 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 1.34 and a beta of 0.35. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.51. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94.

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

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. Keurig Dr Pepper's payout ratio is presently 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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