Whittier Trust Co. of Nevada Inc. Increases Position in Keurig Dr Pepper, Inc $KDP

Whittier Trust Co. of Nevada Inc. increased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 3,767.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,738 shares of the company’s stock after acquiring an additional 49,426 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Keurig Dr Pepper were worth $1,304,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Keurig Dr Pepper by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 160,958,816 shares of the company’s stock valued at $4,508,456,000 after purchasing an additional 1,538,456 shares in the last quarter. State Street Corp increased its stake in shares of Keurig Dr Pepper by 1.6% in the third quarter. State Street Corp now owns 64,594,706 shares of the company’s stock worth $1,662,361,000 after buying an additional 986,700 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Keurig Dr Pepper by 37.0% in the fourth quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock worth $1,596,664,000 after buying an additional 15,393,753 shares during the last quarter. Geode Capital Management LLC raised its holdings in Keurig Dr Pepper by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 31,802,056 shares of the company’s stock valued at $887,021,000 after acquiring an additional 1,187,457 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new position in Keurig Dr Pepper during the 4th quarter valued at $727,667,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $31.49 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 business has a 50 day moving average of $30.45 and a two-hundred day moving average of $28.68. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.94. The company has a market cap of $42.84 billion, a P/E ratio of 23.33, a PEG ratio of 1.45 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. As a group, analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, June 26th. Keurig Dr Pepper’s payout ratio is 68.15%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. UBS Group raised their price objective on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Citigroup reduced their price target on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. JPMorgan Chase & Co. lifted their price target on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. BNP Paribas Exane raised Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Wednesday, April 22nd. Finally, Evercore set a $30.00 price objective on Keurig Dr Pepper in a research note on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $32.40.

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.