Keurig Dr Pepper Inc (KDP) is Cedar Rock Capital Ltd.’s 6th Largest Position

Cedar Rock Capital Ltd. raised its position in Keurig Dr Pepper Inc (NYSE:KDP) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,872,101 shares of the company’s stock after acquiring an additional 403,117 shares during the quarter. Keurig Dr Pepper makes up 7.4% of Cedar Rock Capital Ltd.’s investment portfolio, making the stock its 6th largest position. Cedar Rock Capital Ltd. owned 0.77% of Keurig Dr Pepper worth $278,761,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bank of Montreal Can increased its position in shares of Keurig Dr Pepper by 0.6% in the fourth quarter. Bank of Montreal Can now owns 73,771 shares of the company’s stock valued at $1,892,000 after acquiring an additional 476 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Keurig Dr Pepper by 0.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 243,384 shares of the company’s stock valued at $6,240,000 after acquiring an additional 1,100 shares during the period. Sit Investment Associates Inc. increased its position in shares of Keurig Dr Pepper by 29.2% in the fourth quarter. Sit Investment Associates Inc. now owns 5,750 shares of the company’s stock valued at $147,000 after acquiring an additional 1,300 shares during the period. Cerebellum GP LLC increased its position in shares of Keurig Dr Pepper by 19.1% in the fourth quarter. Cerebellum GP LLC now owns 9,661 shares of the company’s stock valued at $248,000 after acquiring an additional 1,547 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Keurig Dr Pepper by 15.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,915 shares of the company’s stock valued at $331,000 after acquiring an additional 1,753 shares during the period. Hedge funds and other institutional investors own 12.79% of the company’s stock.

In other Keurig Dr Pepper news, VP Angela A. Stephens acquired 11,535 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average price of $25.69 per share, with a total value of $296,334.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Olivier Goudet acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of $25.43 per share, for a total transaction of $508,600.00. The disclosure for this purchase can be found here. Insiders have purchased 46,285 shares of company stock worth $1,199,274 in the last three months. 0.58% of the stock is currently owned by insiders.

Shares of KDP opened at $27.68 on Friday. The stock has a market cap of $38.50 billion, a PE ratio of 26.62, a P/E/G ratio of 1.48 and a beta of 0.45. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.27 and a current ratio of 0.38. Keurig Dr Pepper Inc has a 1-year low of $20.46 and a 1-year high of $124.36.

Keurig Dr Pepper (NYSE:KDP) last announced its earnings results on Thursday, February 28th. The company reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. Keurig Dr Pepper had a net margin of 9.53% and a return on equity of 11.13%. Research analysts expect that Keurig Dr Pepper Inc will post 1.22 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, April 4th. Keurig Dr Pepper’s payout ratio is 57.69%.

A number of research firms have issued reports on KDP. ValuEngine cut shares of Keurig Dr Pepper from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. Zacks Investment Research cut shares of Keurig Dr Pepper from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 10th. Goldman Sachs Group raised shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and set a $26.35 target price on the stock in a research note on Tuesday, January 8th. Morgan Stanley assumed coverage on shares of Keurig Dr Pepper in a research note on Friday, December 21st. They set an “equal weight” rating and a $27.00 target price on the stock. Finally, UBS Group assumed coverage on shares of Keurig Dr Pepper in a research note on Thursday, December 13th. They set a “buy” rating and a $32.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Keurig Dr Pepper presently has a consensus rating of “Hold” and an average price target of $28.20.

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Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.

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Institutional Ownership by Quarter for Keurig Dr Pepper (NYSE:KDP)

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