Keurig Dr Pepper, Inc $KDP Holdings Lifted by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich boosted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 48.9% during the first quarter, Holdings Channel.com reports. The fund owned 3,451,524 shares of the company’s stock after purchasing an additional 1,133,678 shares during the quarter. Keurig Dr Pepper accounts for 2.2% of Munich Reinsurance Co Stock Corp in Munich’s holdings, making the stock its 6th largest holding. Munich Reinsurance Co Stock Corp in Munich’s holdings in Keurig Dr Pepper were worth $90,879,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new stake in Keurig Dr Pepper during the fourth quarter worth about $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Keurig Dr Pepper by 102,300.0% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after purchasing an additional 1,023 shares in the last quarter. Rossby Financial LCC grew its holdings in shares of Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after purchasing an additional 339 shares during the period. Activest Wealth Management grew its holdings in shares of Keurig Dr Pepper by 5,642.1% during the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after purchasing an additional 1,072 shares during the period. Finally, Washington Trust Advisors Inc. acquired a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Down 1.7%

KDP opened at $30.97 on Thursday. The firm’s 50 day moving average is $30.50 and its 200-day moving average is $28.70. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week 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. The firm has a market capitalization of $42.14 billion, a P/E ratio of 22.94, a P/E/G ratio of 1.44 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) 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 business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period last year, the business earned $0.42 EPS. The business’s revenue was up 9.4% on a year-over-year basis. Analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, June 26th. Keurig Dr Pepper’s payout ratio is presently 68.15%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on KDP shares. BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Wednesday, April 22nd. Barclays raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $30.00 to $36.00 in a research report on Thursday, June 25th. Zacks Research downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Citigroup reduced their target price on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, Evercore set a $30.00 price target on shares of Keurig Dr Pepper in a research report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.47.

Keurig Dr Pepper Company 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.