Janus Henderson Group PLC Trims Stake in Keurig Dr Pepper, Inc $KDP

Janus Henderson Group PLC lowered its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 482,418 shares of the company’s stock after selling 16,841 shares during the period. Janus Henderson Group PLC’s holdings in Keurig Dr Pepper were worth $12,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of KDP. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter worth approximately $727,667,000. Norges Bank purchased a new position in Keurig Dr Pepper during the 4th quarter valued at $568,361,000. Capital International Investors boosted its holdings in Keurig Dr Pepper by 1,987.4% during the 4th quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock valued at $472,193,000 after acquiring an additional 16,050,437 shares during the period. Wellington Management Group LLP grew its position in Keurig Dr Pepper by 37.0% in the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock valued at $1,596,664,000 after acquiring an additional 15,393,753 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Keurig Dr Pepper by 285.3% in the 4th quarter. AQR Capital Management LLC now owns 11,636,027 shares of the company’s stock valued at $325,925,000 after acquiring an additional 8,615,869 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 0.6%

KDP opened at $31.10 on Wednesday. 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 stock’s fifty day moving average is $31.17 and its two-hundred day moving average is $29.08. The company has a market capitalization of $42.31 billion, a P/E ratio of 23.04, a PEG ratio of 1.41 and a beta of 0.40. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.94.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 68.15%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KDP. JPMorgan Chase & Co. lifted their target price on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Barclays upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $30.00 to $36.00 in a report on Thursday, June 25th. The Goldman Sachs Group raised shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Royal Bank Of Canada reiterated an “outperform” rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday. Finally, Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a research report on Wednesday, July 8th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.94.

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.