Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock Position Raised by Wealth Alliance

Wealth Alliance lifted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 49.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,536 shares of the company’s stock after acquiring an additional 3,505 shares during the period. Wealth Alliance’s holdings in Keurig Dr Pepper were worth $352,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital World Investors grew its holdings in shares of Keurig Dr Pepper by 14.6% during the 4th quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after acquiring an additional 13,738,345 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Keurig Dr Pepper by 107.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock worth $725,487,000 after purchasing an additional 12,259,471 shares during the period. Vanguard Group Inc. increased its position in Keurig Dr Pepper by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock worth $2,786,075,000 after buying an additional 7,825,418 shares during the period. Pathstone Holdings LLC acquired a new position in Keurig Dr Pepper during the 4th quarter valued at $105,569,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Keurig Dr Pepper by 41.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company’s stock valued at $212,901,000 after buying an additional 1,878,597 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Price Performance

KDP stock opened at $37.50 on Friday. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $37.84. 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 business has a 50-day moving average of $35.17 and a 200-day moving average of $33.35. The stock has a market capitalization of $50.83 billion, a P/E ratio of 24.19, a P/E/G ratio of 2.79 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. On average, sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, September 27th. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.45%. Keurig Dr Pepper’s payout ratio is currently 59.35%.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of analyst reports. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. lowered their price objective on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. UBS Group boosted their target price on Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. BNP Paribas began coverage on shares of Keurig Dr Pepper in a research note on Monday, June 24th. They set a “neutral” rating and a $36.00 price target for the company. Finally, Wells Fargo & Company increased their target price 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. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.