SL Advisors LLC Purchases Shares of 5,190 Keurig Dr Pepper Inc. (NASDAQ:KDP)

SL Advisors LLC acquired a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,190 shares of the company’s stock, valued at approximately $195,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. grew its holdings in Keurig Dr Pepper by 312.1% in the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after purchasing an additional 643 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in Keurig Dr Pepper by 617.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after acquiring an additional 685 shares during the period. Farmers & Merchants Investments Inc. raised its position in Keurig Dr Pepper by 51.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after acquiring an additional 301 shares during the period. Hantz Financial Services Inc. purchased a new position in Keurig Dr Pepper during the second quarter valued at $35,000. Finally, Riverview Trust Co acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at about $39,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $36.20 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. The company has a market capitalization of $49.07 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 2.86 and a beta of 0.62. The firm’s 50-day moving average is $36.32 and its two-hundred day moving average is $34.16. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS. Analysts predict 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. Investors 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 represents a $0.92 dividend on an annualized basis and a dividend yield of 2.54%. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 59.35%.

Wall Street Analyst Weigh In

KDP has been the topic of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $41.00 price target on shares of Keurig Dr Pepper in a research note on Friday, July 26th. JPMorgan Chase & Co. decreased their target price on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. TD Cowen boosted their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 26th. Citigroup upgraded Keurig Dr Pepper from a “neutral” rating to a “buy” rating and raised their price objective for the company from $36.00 to $43.00 in a report on Monday, September 23rd. Finally, Truist Financial raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and upped their target price for the stock from $27.00 to $34.00 in a report on Monday, June 17th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.53.

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.