29,426 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC purchased a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,426 shares of the company’s stock, valued at approximately $982,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of KDP. Private Advisor Group LLC boosted its stake in Keurig Dr Pepper by 80.0% during the 4th quarter. Private Advisor Group LLC now owns 16,090 shares of the company’s stock valued at $536,000 after acquiring an additional 7,149 shares during the last quarter. Principal Securities Inc. bought a new position in Keurig Dr Pepper during the 4th quarter valued at $72,000. Dimensional Fund Advisors LP boosted its stake in Keurig Dr Pepper by 17.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,380,990 shares of the company’s stock valued at $112,656,000 after acquiring an additional 503,479 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Keurig Dr Pepper by 15.1% during the 4th quarter. Quadrant Capital Group LLC now owns 6,530 shares of the company’s stock valued at $218,000 after acquiring an additional 856 shares during the last quarter. Finally, Kentucky Retirement Systems boosted its stake in Keurig Dr Pepper by 0.4% during the 4th quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock valued at $2,684,000 after acquiring an additional 344 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Performance

KDP stock opened at $37.35 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. The stock has a market cap of $50.63 billion, a P/E ratio of 24.10, a P/E/G ratio of 2.79 and a beta of 0.62. The firm has a 50 day simple moving average of $34.95 and a 200 day simple moving average of $33.26. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $37.84.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $0.42 earnings per share. Research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.46%. Keurig Dr Pepper’s payout ratio is 59.35%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on KDP shares. Truist Financial upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and raised their price target for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. UBS Group lifted their price objective on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, June 10th. BNP Paribas started coverage on shares of Keurig Dr Pepper in a research report on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective on the stock. Evercore ISI upgraded shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $36.50.

About Keurig Dr Pepper

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.