Keurig Dr Pepper, Inc $KDP Position Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 47.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 179,570 shares of the company’s stock after buying an additional 57,797 shares during the period. PNC Financial Services Group Inc.’s holdings in Keurig Dr Pepper were worth $5,030,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in Keurig Dr Pepper during the third quarter worth approximately $26,000. Salomon & Ludwin LLC bought a new stake in Keurig Dr Pepper during the fourth quarter worth approximately $26,000. Clearstead Trust LLC boosted its holdings in Keurig Dr Pepper by 98.3% during the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after buying an additional 536 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Keurig Dr Pepper by 71.7% during 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 in the last quarter. Finally, Activest Wealth Management boosted its holdings in Keurig Dr Pepper by 5,642.1% during the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after buying an additional 1,072 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays raised their target price on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, April 27th. JPMorgan Chase & Co. raised their price objective on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Wednesday, April 22nd. Finally, Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Hold” and an average target price of $31.57.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP opened at $29.12 on Tuesday. The firm has a fifty day moving average of $27.43 and a two-hundred day moving average of $27.89. The firm has a market capitalization of $39.62 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 1.33 and a beta of 0.41. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. On average, equities analysts expect that Keurig Dr Pepper, Inc will post 2.29 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, July 10th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 68.15%.

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.