Elo Mutual Pension Insurance Co Has $3.08 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Elo Mutual Pension Insurance Co boosted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,193 shares of the company’s stock after acquiring an additional 5,313 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Keurig Dr Pepper were worth $3,079,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KDP. Blue Trust Inc. increased its holdings in Keurig Dr Pepper by 312.1% during the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after purchasing an additional 643 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Keurig Dr Pepper by 617.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after purchasing an additional 685 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Keurig Dr Pepper by 51.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after acquiring an additional 301 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of Keurig Dr Pepper in the second quarter worth about $35,000. Finally, Riverview Trust Co bought a new stake in Keurig Dr Pepper during the 2nd quarter valued at $39,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $37.50 on Friday. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $37.84. 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 $50.83 billion, a P/E ratio of 24.19, a P/E/G ratio of 2.79 and a beta of 0.62. The stock’s fifty day moving average is $35.17 and its 200 day moving average is $33.35.

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

Keurig Dr Pepper Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.23 dividend. The ex-dividend date is Friday, September 27th. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.45%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 59.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on KDP shares. Truist Financial upgraded Keurig Dr Pepper from a “sell” rating to a “hold” rating and increased their price objective for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. Wells Fargo & Company raised their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $41.00 price target on shares of Keurig Dr Pepper in a research note on Friday, July 26th. JPMorgan Chase & Co. cut their price objective on 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. Finally, BNP Paribas began coverage on shares of Keurig Dr Pepper in a research note on Monday, June 24th. They issued a “neutral” rating and a $36.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average 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.