Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Profund Advisors LLC

Profund Advisors LLC cut its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 109,820 shares of the company’s stock after selling 3,802 shares during the period. Profund Advisors LLC’s holdings in Keurig Dr Pepper were worth $3,668,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Capital World Investors lifted its stake in Keurig Dr Pepper by 14.6% in the fourth quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after buying an additional 13,738,345 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Keurig Dr Pepper by 107.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock valued at $725,487,000 after purchasing an additional 12,259,471 shares during the last quarter. Vanguard Group Inc. boosted its stake in Keurig Dr Pepper by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock valued at $2,786,075,000 after purchasing an additional 7,825,418 shares during the period. Pathstone Holdings LLC bought a new position in Keurig Dr Pepper in the 4th quarter worth about $105,569,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Keurig Dr Pepper by 41.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company’s stock valued at $212,901,000 after purchasing an additional 1,878,597 shares during the period. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $37.46 on Monday. The stock’s fifty day simple moving average is $35.37 and its 200 day simple moving average is $33.47. The stock has a market capitalization of $50.78 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 2.79 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. 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 data on Thursday, July 25th. The company reported $0.45 earnings per share (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 firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the company earned $0.42 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.46%. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s payout ratio is currently 59.35%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $41.00 price objective on shares of Keurig Dr Pepper in a report on Friday, July 26th. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and raised their price target for the company from $27.00 to $34.00 in a report on Monday, June 17th. BNP Paribas initiated coverage on shares of Keurig Dr Pepper in a report on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective for the company. Evercore ISI upgraded shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Finally, Barclays reduced their price target on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.