Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Amalgamated Bank

Amalgamated Bank grew its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 210,882 shares of the company’s stock after buying an additional 2,644 shares during the quarter. Amalgamated Bank’s holdings in Keurig Dr Pepper were worth $7,043,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KDP. Principal Securities Inc. purchased a new position in shares of Keurig Dr Pepper in the 4th quarter valued at about $72,000. PNC Financial Services Group Inc. increased its stake in shares of Keurig Dr Pepper by 21.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 182,813 shares of the company’s stock valued at $6,091,000 after purchasing an additional 32,703 shares in the last quarter. UBS Group AG increased its stake in shares of Keurig Dr Pepper by 24.8% in the 4th quarter. UBS Group AG now owns 2,739,142 shares of the company’s stock valued at $91,268,000 after purchasing an additional 544,858 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of Keurig Dr Pepper by 0.5% in the 4th quarter. Corient Private Wealth LLC now owns 119,643 shares of the company’s stock valued at $3,986,000 after purchasing an additional 641 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Keurig Dr Pepper by 608.0% in the 4th quarter. Franklin Resources Inc. now owns 813,578 shares of the company’s stock valued at $27,108,000 after purchasing an additional 698,665 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KDP. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Wells Fargo & Company boosted their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Barclays cut their price objective on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. JPMorgan Chase & Co. cut their price objective on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $41.00 price objective on shares of Keurig Dr Pepper in a research note on Friday, July 26th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.50.

Keurig Dr Pepper Price Performance

KDP stock opened at $37.50 on Friday. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $37.84. The firm has a market capitalization of $50.83 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.79 and a beta of 0.62. The business has a 50 day simple moving average of $35.17 and a 200-day simple moving average of $33.35. 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 (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 return on equity of 10.32% and a net margin of 14.47%. The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the firm posted $0.42 earnings per share. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. Equities research 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.45%. 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.