Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 10.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,025,147 shares of the company’s stock after selling 244,648 shares during the period. Hsbc Holdings PLC owned approximately 0.15% of Keurig Dr Pepper worth $67,696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Blair William & Co. IL acquired a new stake in Keurig Dr Pepper in the 2nd quarter valued at approximately $217,000. Elo Mutual Pension Insurance Co grew its stake in shares of Keurig Dr Pepper by 6.1% in the second quarter. Elo Mutual Pension Insurance Co now owns 92,193 shares of the company’s stock valued at $3,079,000 after buying an additional 5,313 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Keurig Dr Pepper by 31.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 63,778 shares of the company’s stock worth $2,130,000 after purchasing an additional 15,297 shares during the period. Amalgamated Bank increased its stake in Keurig Dr Pepper by 1.3% during the 2nd quarter. Amalgamated Bank now owns 210,882 shares of the company’s stock worth $7,043,000 after buying an additional 2,644 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Keurig Dr Pepper by 76.0% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 41,724 shares of the company’s stock worth $1,394,000 after acquiring an additional 18,020 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. UBS Group lifted their price objective on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. cut their target price on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $41.00 price target on shares of Keurig Dr Pepper in a research note on Friday, July 26th. Finally, BNP Paribas initiated coverage on shares of Keurig Dr Pepper in a research report on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.50.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $37.50 on Friday. The company has a market capitalization of $50.83 billion, a PE ratio of 24.19, a P/E/G ratio of 2.79 and a beta of 0.62. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $37.84. The company has a fifty day moving average of $35.17 and a two-hundred day 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 announced its earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations 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 previous year, the company posted $0.42 EPS. As a group, analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The firm also recently announced 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. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.45%. Keurig Dr Pepper’s dividend payout ratio is 59.35%.

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.