Vanguard Group Inc. Has $4.51 Billion Stock Holdings in Keurig Dr Pepper, Inc $KDP

Key Points

• Vanguard boosted its stake in Keurig Dr Pepper by 1.0% in Q4 to 160,958,816 shares, representing about a 11.85% stake valued at roughly $4.51 billion.
• Analysts are mixed but modestly positive: MarketBeat shows a consensus rating of "Moderate Buy" with an average target of $31.57, while recent notes range from Zacks' upgrade to strong-buy to several banks trimming or raising targets.
• Keurig Dr Pepper slightly beat EPS estimates last quarter ($0.39 vs. $0.37) with revenue up 9.4% year-over-year, and pays a quarterly dividend of $0.23 (annualized yield ~3.3%).

Vanguard Group Inc. lifted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,958,816 shares of the company's stock after buying an additional 1,538,456 shares during the period. Vanguard Group Inc. owned about 11.85% of Keurig Dr Pepper worth $4,508,456,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter worth about $26,000. Salomon & Ludwin LLC acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at about $26,000. Clearstead Trust LLC lifted its stake in Keurig Dr Pepper by 98.3% in the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company's stock valued at $28,000 after purchasing an additional 536 shares during the last quarter. Mather Group LLC. acquired a new stake in Keurig Dr Pepper in the 3rd quarter valued at about $30,000. Finally, SBI Securities Co. Ltd. lifted its stake in Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company's stock valued at $30,000 after purchasing an additional 484 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on KDP. Zacks Research upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 17th. Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a research note on Friday. Citigroup cut their target price on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a "buy" rating for the company in a research note on Wednesday, April 15th. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a "hold" rating for the company in a research note on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $31.57.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $28.15 on Tuesday. 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 stock's fifty day moving average price is $27.48 and its two-hundred day moving average price is $27.69. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94. The firm has a market cap of $38.30 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.47 and a beta of 0.35.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same period in the previous year, the business earned $0.42 earnings per share. The firm's quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, March 27th. Keurig Dr Pepper's payout ratio is currently 68.15%.

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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