Groupe la Francaise Acquires 16,399 Shares of Keurig Dr Pepper, Inc $KDP

Groupe la Francaise increased its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 13.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,818 shares of the company’s stock after acquiring an additional 16,399 shares during the quarter. Groupe la Francaise’s holdings in Keurig Dr Pepper were worth $3,681,000 as of its most recent SEC filing.

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

Keurig Dr Pepper Stock Down 1.4%

Shares of Keurig Dr Pepper stock opened at $31.12 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $35.94. The company’s 50 day moving average price is $31.10 and its 200-day moving average price is $29.03. The stock has a market capitalization of $42.34 billion, a price-to-earnings ratio of 23.05, a P/E/G ratio of 1.44 and a beta of 0.40.

Keurig Dr Pepper Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citigroup lifted their price target on Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. UBS Group upped their price objective on shares of Keurig Dr Pepper from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a research note on Wednesday, April 22nd. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. raised their price objective on Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Keurig Dr Pepper has an average rating of “Hold” and a consensus price target of $33.40.

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.