Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC increased its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 13.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,310 shares of the company’s stock after acquiring an additional 2,045 shares during the period. Private Advisor Group LLC’s holdings in Keurig Dr Pepper were worth $578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KDP. Commonwealth Equity Services LLC increased its position in shares of Keurig Dr Pepper by 254.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 95,877 shares of the company’s stock valued at $2,941,000 after purchasing an additional 68,840 shares during the last quarter. Franklin Resources Inc. increased its holdings in Keurig Dr Pepper by 608.0% in the fourth quarter. Franklin Resources Inc. now owns 813,578 shares of the company’s stock valued at $27,108,000 after buying an additional 698,665 shares during the last quarter. Twin Tree Management LP purchased a new stake in Keurig Dr Pepper during the 1st quarter worth about $512,000. Confluence Investment Management LLC purchased a new stake in Keurig Dr Pepper during the 1st quarter worth about $11,375,000. Finally, PBCay One RSC Ltd acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth about $1,543,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

KDP opened at $37.50 on Thursday. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $37.84. The business has a 50 day moving average price of $35.17 and a two-hundred day moving average price of $33.35. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. The company has a market cap of $50.83 billion, a PE ratio of 24.19, a P/E/G ratio of 2.79 and a beta of 0.62.

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

Keurig Dr Pepper Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a $0.23 dividend. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.45%. Keurig Dr Pepper’s payout ratio is presently 59.35%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KDP. JPMorgan Chase & Co. decreased their target price on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. BNP Paribas assumed coverage on shares of Keurig Dr Pepper in a research report on Monday, June 24th. They set a “neutral” rating and a $36.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $41.00 target price on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Truist Financial raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and boosted their price target for the company from $27.00 to $34.00 in a research report on Monday, June 17th. Finally, Wells Fargo & Company raised their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.50.

Keurig Dr Pepper Profile

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.