Rakuten Investment Management Inc. Acquires 236,502 Shares of Keurig Dr Pepper, Inc $KDP

Rakuten Investment Management Inc. increased its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 1,867.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 249,169 shares of the company’s stock after purchasing an additional 236,502 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Keurig Dr Pepper were worth $7,017,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of KDP. Norges Bank bought a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $568,361,000. Capital International Investors increased its stake 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 worth $472,193,000 after purchasing an additional 16,050,437 shares in the last quarter. Marshall Wace LLP increased its stake in Keurig Dr Pepper by 1,546.0% during the 3rd quarter. Marshall Wace LLP now owns 2,937,129 shares of the company’s stock worth $74,926,000 after purchasing an additional 2,758,685 shares in the last quarter. Man Group plc increased its stake in Keurig Dr Pepper by 4,084.2% during the 3rd quarter. Man Group plc now owns 2,411,713 shares of the company’s stock worth $61,523,000 after purchasing an additional 2,354,075 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its stake in Keurig Dr Pepper by 2,129.0% during the 3rd quarter. Voloridge Investment Management LLC now owns 2,374,879 shares of the company’s stock worth $60,583,000 after purchasing an additional 2,268,336 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $32.00 on Wednesday. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $28.79 and a 200 day simple moving average of $28.32. The stock has a market capitalization of $43.54 billion, a PE ratio of 23.70, a P/E/G ratio of 1.45 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $7.23 billion. During the same period last year, the business earned $0.42 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. On average, research analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 2.9%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 68.15%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays increased their target price on Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, April 27th. UBS Group lifted their price objective on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, April 24th. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a report on Friday, April 24th. Wells Fargo & Company lowered their price objective 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. Finally, Zacks Research downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.00.

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.