Point72 DIFC Ltd Buys Shares of 85,224 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Point72 DIFC Ltd purchased a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 85,224 shares of the company’s stock, valued at approximately $2,846,000.

Several other large investors have also made changes to their positions in the company. Farmers & Merchants Investments Inc. grew its position in Keurig Dr Pepper by 51.5% in 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 last quarter. Federated Hermes Inc. grew its holdings in shares of 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 last quarter. Morningstar Investment Management LLC increased its position in Keurig Dr Pepper by 1.1% during the 4th quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock worth $1,051,000 after purchasing an additional 328 shares in the last quarter. Mather Group LLC. lifted its stake in Keurig Dr Pepper by 29.0% in the 2nd quarter. Mather Group LLC. now owns 1,742 shares of the company’s stock valued at $53,000 after purchasing an additional 392 shares during the last quarter. Finally, US Bancorp DE boosted its position in 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 buying an additional 503 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KDP. JPMorgan Chase & Co. lowered their price target on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft upped their target price on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Monday. Wells Fargo & Company lifted their price target on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. UBS Group upped their price objective on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, Evercore ISI upgraded shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.20.

Keurig Dr Pepper Trading Up 1.5 %

NASDAQ KDP opened at $38.01 on Tuesday. The stock has a market capitalization of $51.53 billion, a P/E ratio of 24.52, a P/E/G ratio of 2.79 and a beta of 0.62. The business has a 50 day simple moving average of $35.37 and a 200 day simple moving average of $33.50. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $38.06.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate 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 the consensus estimate of $3.91 billion. During the same quarter last year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.42%. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio is currently 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.