Asset Management Group Inc. Makes New Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Asset Management Group Inc. bought a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,082 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds have also modified their holdings of the company. Farmers & Merchants Investments Inc. boosted its holdings in Keurig Dr Pepper by 51.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after acquiring an additional 301 shares during the period. Federated Hermes Inc. boosted its stake in Keurig Dr Pepper by 21.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock valued at $59,000 after purchasing an additional 314 shares during the period. Morningstar Investment Management LLC grew its holdings in Keurig Dr Pepper by 1.1% in the 4th quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock valued at $1,051,000 after buying an additional 328 shares during the last quarter. Mather Group LLC. increased its position in Keurig Dr Pepper by 29.0% in the 2nd quarter. Mather Group LLC. now owns 1,742 shares of the company’s stock worth $53,000 after buying an additional 392 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Keurig Dr Pepper by 0.4% during the fourth quarter. US Bancorp DE now owns 121,107 shares of the company’s stock worth $4,035,000 after buying an additional 503 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KDP. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. cut their price objective on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and lifted their target price for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. Wells Fargo & Company upped their price target on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $41.00 price objective on shares of Keurig Dr Pepper in a report on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.50.

Keurig Dr Pepper Stock Down 0.1 %

Shares of NASDAQ KDP opened at $37.46 on Friday. Keurig Dr Pepper Inc. has a 12-month low of $27.66 and a 12-month high of $37.84. The firm’s 50-day simple moving average is $35.37 and its 200 day simple moving average is $33.44. 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 $50.78 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 2.79 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. Keurig Dr Pepper’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 earnings per share. On average, research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal 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 paid a $0.23 dividend. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 59.35%.

Keurig Dr Pepper Company 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.