Bleakley Financial Group LLC Has $358,000 Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Bleakley Financial Group LLC increased its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,553 shares of the company’s stock after purchasing an additional 574 shares during the quarter. Bleakley Financial Group LLC’s holdings in Keurig Dr Pepper were worth $358,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. CX Institutional boosted its stake in shares of Keurig Dr Pepper by 3.6% in the 3rd quarter. CX Institutional now owns 8,129 shares of the company’s stock valued at $305,000 after purchasing an additional 283 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings 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 buying an additional 301 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Keurig Dr Pepper by 21.8% in the second 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. Mather Group LLC. raised its holdings in shares of Keurig Dr Pepper by 29.0% in the second 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, Hexagon Capital Partners LLC raised its holdings in shares of Keurig Dr Pepper by 105.6% in the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $36.92 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $50.05 billion, a PE ratio of 23.82, a P/E/G ratio of 2.73 and a beta of 0.62. Keurig Dr Pepper Inc. has a twelve month low of $28.32 and a twelve month high of $38.28. The company has a 50-day moving average price of $36.69 and a two-hundred day moving average price of $34.53.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.45 EPS for the quarter, meeting 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 company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business earned $0.42 earnings per share. Keurig Dr Pepper’s revenue was up 3.5% compared to the same quarter last year. Equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.23 dividend. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 59.35%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays increased their target price on shares of Keurig Dr Pepper from $37.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. increased their price target on shares of Keurig Dr Pepper from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. TD Cowen increased their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Finally, Evercore ISI upgraded shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.21.

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.