ProShare Advisors LLC Trims Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

ProShare Advisors LLC decreased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 11.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,306,808 shares of the company’s stock after selling 177,236 shares during the quarter. ProShare Advisors LLC owned approximately 0.10% of Keurig Dr Pepper worth $43,647,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Corient Private Wealth LLC increased its holdings in Keurig Dr Pepper by 0.5% during the 4th quarter. Corient Private Wealth LLC now owns 119,643 shares of the company’s stock worth $3,986,000 after purchasing an additional 641 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Keurig Dr Pepper by 608.0% in the 4th quarter. Franklin Resources Inc. now owns 813,578 shares of the company’s stock worth $27,108,000 after acquiring an additional 698,665 shares during the period. US Bancorp DE grew its holdings in 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 acquiring an additional 503 shares during the period. SageView Advisory Group LLC bought a new stake in shares of Keurig Dr Pepper in the 4th quarter worth approximately $239,000. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of Keurig Dr Pepper by 1.5% in the fourth quarter. Orion Portfolio Solutions LLC now owns 107,237 shares of the company’s stock valued at $3,411,000 after buying an additional 1,620 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $37.46 on Monday. The business’s fifty day moving average is $35.37 and its two-hundred day moving average is $33.47. 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 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. 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 quarterly earnings data on Thursday, July 25th. The company reported $0.45 EPS for the quarter, hitting 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 firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The company’s revenue was up 3.5% on a year-over-year basis. Equities research 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 firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.46%. Keurig Dr Pepper’s dividend payout ratio is presently 59.35%.

Wall Street Analysts Forecast Growth

KDP has been the topic of several recent analyst reports. 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 report on Wednesday, July 10th. Evercore ISI upgraded shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Wells Fargo & Company lifted their price objective on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. BNP Paribas started coverage on Keurig Dr Pepper in a report on Monday, June 24th. They issued a “neutral” rating and a $36.00 target price for the company. Finally, UBS Group lifted their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a report on Monday, June 10th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.50.

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.