Pacer Advisors Inc. Has $7.16 Million Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Pacer Advisors Inc. lessened its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 214,212 shares of the company’s stock after selling 5,929 shares during the period. Pacer Advisors Inc.’s holdings in Keurig Dr Pepper were worth $7,155,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in KDP. Corient Private Wealth LLC lifted its holdings in shares of Keurig Dr Pepper by 0.5% in the fourth quarter. Corient Private Wealth LLC now owns 119,643 shares of the company’s stock valued at $3,986,000 after purchasing an additional 641 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Keurig Dr Pepper by 608.0% in the fourth quarter. Franklin Resources Inc. now owns 813,578 shares of the company’s stock valued at $27,108,000 after purchasing an additional 698,665 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Keurig Dr Pepper by 0.4% in the fourth quarter. US Bancorp DE now owns 121,107 shares of the company’s stock valued at $4,035,000 after purchasing an additional 503 shares in the last quarter. SageView Advisory Group LLC bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $239,000. Finally, Orion Portfolio Solutions LLC lifted 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 purchasing 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

Shares of NASDAQ KDP opened at $38.01 on Tuesday. The stock has a market cap of $51.53 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 2.79 and a beta of 0.62. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $38.06. 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 fifty day moving average of $35.37 and a 200-day moving average of $33.50.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 earnings per share. Equities research 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 given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.42%. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, September 27th. Keurig Dr Pepper’s payout ratio is presently 59.35%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on KDP shares. 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 on the stock. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. UBS Group lifted their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Citigroup upgraded Keurig Dr Pepper from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $36.00 to $43.00 in a report on Monday. Finally, Barclays dropped their price target on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.20.

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.