Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 42.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,639 shares of the company’s stock after purchasing an additional 5,514 shares during the quarter. Summit Trail Advisors LLC’s holdings in Keurig Dr Pepper were worth $626,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Thrivent Financial for Lutherans lifted its stake in shares of Keurig Dr Pepper by 403.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 237,597 shares of the company’s stock worth $7,936,000 after acquiring an additional 190,374 shares during the period. Sei Investments Co. lifted its position in Keurig Dr Pepper by 38.0% in the second quarter. Sei Investments Co. now owns 852,603 shares of the company’s stock worth $28,478,000 after purchasing an additional 234,564 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in Keurig Dr Pepper by 0.6% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 212,579 shares of the company’s stock valued at $7,100,000 after purchasing an additional 1,300 shares in the last quarter. AE Wealth Management LLC acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter valued at $288,000. Finally, Benjamin Edwards Inc. raised its stake in shares of Keurig Dr Pepper by 77.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 12,034 shares of the company’s stock worth $402,000 after buying an additional 5,253 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $41.00 price objective on shares of Keurig Dr Pepper in a research report on Friday, July 26th. BNP Paribas initiated coverage on Keurig Dr Pepper in a research note on Monday, June 24th. They set a “neutral” rating and a $36.00 price objective for the company. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and boosted their target price for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. Barclays decreased their price target on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Finally, Wells Fargo & Company boosted 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus target price of $36.50.

Keurig Dr Pepper Stock Performance

KDP stock opened at $37.46 on Monday. The stock has a market cap of $50.78 billion, a P/E ratio of 24.17, a P/E/G ratio of 2.79 and a beta of 0.62. 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 firm has a 50 day simple moving average of $35.37 and a 200 day simple moving average of $33.47. 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 issued its earnings results on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the business posted $0.42 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. 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 company 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 is Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.46%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s payout ratio is 59.35%.

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.