Stance Capital LLC Purchases 102,811 Shares of Keurig Dr Pepper, Inc $KDP

Stance Capital LLC lifted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 45,491.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,037 shares of the company’s stock after buying an additional 102,811 shares during the quarter. Keurig Dr Pepper comprises approximately 1.1% of Stance Capital LLC’s holdings, making the stock its 25th largest position. Stance Capital LLC’s holdings in Keurig Dr Pepper were worth $2,886,000 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 the company. Vanguard Group Inc. raised its holdings in Keurig Dr Pepper by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 160,958,816 shares of the company’s stock worth $4,508,456,000 after acquiring an additional 1,538,456 shares during the period. State Street Corp boosted its holdings in Keurig Dr Pepper by 1.6% during the third quarter. State Street Corp now owns 64,594,706 shares of the company’s stock valued at $1,662,361,000 after acquiring an additional 986,700 shares during the period. Wellington Management Group LLP boosted its holdings in Keurig Dr Pepper by 37.0% during the fourth 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 period. Geode Capital Management LLC grew its position in shares of 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 purchasing an additional 1,187,457 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at about $727,667,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KDP has been the subject of several research analyst reports. 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 research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft cut their price target on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Citigroup dropped 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 research report on Wednesday, April 15th. Finally, UBS Group upped their target price on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.00.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $30.76 on Friday. The stock has a 50 day moving average of $29.09 and a two-hundred day moving average of $28.38. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94. The company has a market capitalization of $41.85 billion, a P/E ratio of 22.79, a P/E/G ratio of 1.41 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating 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%.Keurig Dr Pepper’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 earnings per share. As a group, equities analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Announces Dividend

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

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.