Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 11.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,190,929 shares of the company’s stock after purchasing an additional 229,644 shares during the quarter. Envestnet Asset Management Inc. owned 0.16% of Keurig Dr Pepper worth $73,177,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of KDP. Farmers & Merchants Investments Inc. lifted its holdings 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 period. Federated Hermes Inc. lifted its holdings in 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 acquiring an additional 314 shares during the period. Morningstar Investment Management LLC lifted its holdings in Keurig Dr Pepper by 1.1% in the fourth quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock valued at $1,051,000 after acquiring an additional 328 shares during the period. Mather Group LLC. lifted its holdings in 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 acquiring an additional 392 shares during the period. Finally, US Bancorp DE lifted its holdings 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 acquiring an additional 503 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Up 0.4 %

Shares of KDP opened at $37.50 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $37.84. The stock has a market capitalization of $50.83 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 2.79 and a beta of 0.62. The stock has a 50 day moving average price of $35.06 and a 200 day moving average price of $33.32.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The firm 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 revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. 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 business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a $0.23 dividend. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.45%. The ex-dividend date is Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is presently 59.35%.

Analysts Set New Price Targets

KDP has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $41.00 price target on shares of Keurig Dr Pepper in a report on Friday, July 26th. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and boosted their price target for the company from $27.00 to $34.00 in a report on Monday, June 17th. Barclays decreased their price target on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, July 19th. UBS Group boosted their price objective on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, BNP Paribas started coverage on Keurig Dr Pepper in a research report on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.50.

Keurig Dr Pepper 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.