Keurig Dr Pepper Inc.

(NASDAQ Global Select)
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Somewhat Bullish +45

Bank of New York Mellon Corp Has $189.08 Million Stock Position in ...

AI-generated analysis

πŸ“‰ Bank of New York Mellon Corp trimmed its KDP holdings by 3.8% in Q1, selling 285,603 shares while retaining a $189.08 million position.

πŸ“ˆ Multiple smaller institutional investors including Salomon & Ludwin LLC and Activest Wealth Management increased their stakes in the fourth quarter.

πŸ’° The company paid a quarterly dividend of $0.23 on July 10th, offering a 3.0% annualized yield with a 68.15% payout ratio.

πŸ“Š Keurig Dr Pepper trades at a market cap of $42.05 billion with a P/E ratio of 22.90 and a beta of 0.40.

πŸ† Barclays upgraded the stock to 'overweight' and raised its price target from $30.00 to $36.00 in late June.

πŸ“‰ Deutsche Bank cut its price target to $28.00 and assigned a 'hold' rating in late March.

🏒 The company operates single-serve coffee systems and carbonated/noncarbonated beverages across retail, foodservice, and e-commerce channels.

πŸ“ˆ Institutional ownership of the company stands at 93.99% as of the latest filings.

Bullish Signals
  • Barclays upgraded Keurig Dr Pepper from 'equal weight' to 'overweight' and increased its price target to $36.00, signaling strong analyst confidence.
  • JPMorgan Chase upgraded the stock to 'overweight' with a price target of $33.00, reinforcing positive institutional sentiment.
  • The company maintains a healthy balance sheet with a quick ratio of 2.12 and a current ratio of 2.31.
  • Keurig Dr Pepper offers a consistent dividend yield of 3.0% with a manageable payout ratio of 68.15%.
Risk Factors
  • Deutsche Bank Aktiengesellschaft cut its price target from $34.00 to $28.00 and assigned a 'hold' rating, indicating caution.
  • BNP Paribas Exane downgraded the stock from 'underperform' to 'neutral' with a price objective of $28.00.
Full Analysis
Bank of New York Mellon Corp reduced its stake in Keurig Dr Pepper, Inc (NASDAQ: KDP) by 3.8% in the first quarter, selling 285,603 shares to hold a remaining position of 7,181,321 shares valued at $189.08 million. While BNY Mellon trimmed its holdings, several smaller institutional investors and hedge funds increased their positions during the fourth quarter, including Salomon & Ludwin LLC, Activest Wealth Management, Washington Trust Advisors Inc., Rossby Financial LCC, and GW&K Investment Management LLC. Keurig Dr Pepper shares opened at $30.91 on Friday, trading within a 12-month range of $24.88 to $35.94. The company maintains a market capitalization of $42.05 billion with a price-to-earnings ratio of 22.90 and a beta of 0.40. Financial metrics indicate a quick ratio of 2.12, a current ratio of 2.31, and a debt-to-equity ratio of 0.72, reflecting a stable balance sheet structure. The company recently paid a quarterly dividend of $0.23 per share on July 10th to shareholders of record as of June 26th, representing an annualized yield of 3.0% with a payout ratio of 68.15%. Analyst sentiment is mixed but generally positive, with Barclays upgrading the stock to 'overweight' and raising its price target to $36.00, while JPMorgan Chase also upgraded to 'overweight' with a target of $33.00. Despite Deutsche Bank cutting its target price to $28.00 and BNP Paribas Exane setting a neutral rating, the consensus among eight buy-rated analysts and nine hold-rated analysts remains an average target price of $33.07 according to MarketBeat.com. The firm operates as a major North American beverage company formed in 2018, combining Keurig Green Mountain and Dr Pepper Snapple Group to supply retail, foodservice, and e-commerce channels.