Poehling Capital Management INC. Boosts Stock Position in Keurig Dr Pepper, Inc $KDP

Poehling Capital Management INC. raised its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 47.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 124,467 shares of the company’s stock after acquiring an additional 40,205 shares during the period. Poehling Capital Management INC.’s holdings in Keurig Dr Pepper were worth $3,486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Keurig Dr Pepper by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 160,958,816 shares of the company’s stock valued at $4,508,456,000 after acquiring an additional 1,538,456 shares during the last quarter. State Street Corp raised its stake in Keurig Dr Pepper by 1.6% during the 3rd 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 last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Keurig Dr Pepper by 0.9% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,558,966 shares of the company’s stock valued at $524,459,000 after acquiring an additional 182,341 shares during the last quarter. Bank of America Corp DE raised its stake in Keurig Dr Pepper by 8.8% during the 2nd quarter. Bank of America Corp DE now owns 11,231,214 shares of the company’s stock valued at $371,304,000 after acquiring an additional 904,585 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Keurig Dr Pepper by 7.0% during the 3rd quarter. Legal & General Group Plc now owns 8,725,332 shares of the company’s stock valued at $222,582,000 after acquiring an additional 569,469 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on KDP shares. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Barclays raised their price target on Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, April 27th. Wells Fargo & Company reduced their price target on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. JPMorgan Chase & Co. raised their price target on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reduced 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. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.57.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $28.85 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 market capitalization of $39.25 billion, a P/E ratio of 21.37, a PEG ratio of 1.34 and a beta of 0.41. The business has a 50 day moving average price of $27.33 and a 200 day moving average price of $27.83. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12.

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, beating the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same period last year, the business posted $0.42 EPS. Keurig Dr Pepper’s quarterly revenue was up 9.4% on a year-over-year basis. Sell-side analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

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.