Caisse Des Depots ET Consignations Acquires 47,120 Shares of Keurig Dr Pepper, Inc $KDP

Caisse Des Depots ET Consignations grew its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 25.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 231,182 shares of the company’s stock after buying an additional 47,120 shares during the quarter. Caisse Des Depots ET Consignations’ holdings in Keurig Dr Pepper were worth $6,475,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KDP. Salomon & Ludwin LLC purchased a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at $26,000. Root Financial Partners LLC bought a new stake in Keurig Dr Pepper during the 3rd quarter valued at $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Keurig Dr Pepper by 102,300.0% during 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 buying an additional 1,023 shares during the last quarter. Clearstead Trust LLC raised its holdings in Keurig Dr Pepper by 98.3% during the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after buying an additional 536 shares during the last quarter. Finally, Activest Wealth Management raised its holdings in Keurig Dr Pepper by 5,642.1% during the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after buying an additional 1,072 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Down 1.1%

NASDAQ KDP opened at $29.09 on Friday. The firm has a market capitalization of $39.58 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 1.34 and a beta of 0.41. 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 company has a fifty day moving average of $27.48 and a two-hundred day moving average of $27.73.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data 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 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 firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. On average, analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were given a $0.23 dividend. The ex-dividend date was Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio is currently 68.15%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KDP shares. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Monday. BNP Paribas Exane upgraded 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. Barclays raised their price objective on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, April 27th. Zacks Research raised shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Finally, Wells Fargo & Company dropped their price target on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.57.

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.