Canada Pension Plan Investment Board Acquires 4,200 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Canada Pension Plan Investment Board raised its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,064,293 shares of the company’s stock after acquiring an additional 4,200 shares during the quarter. Canada Pension Plan Investment Board owned about 0.23% of Keurig Dr Pepper worth $102,347,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Benjamin Edwards Inc. grew its holdings in Keurig Dr Pepper by 77.5% during the second quarter. Benjamin Edwards Inc. now owns 12,034 shares of the company’s stock valued at $402,000 after purchasing an additional 5,253 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in Keurig Dr Pepper by 0.7% during the second quarter. Public Employees Retirement Association of Colorado now owns 142,115 shares of the company’s stock valued at $4,747,000 after acquiring an additional 1,042 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Keurig Dr Pepper by 83.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,040 shares of the company’s stock worth $102,000 after purchasing an additional 1,380 shares during the period. Intech Investment Management LLC lifted its position in shares of Keurig Dr Pepper by 318.8% during the 2nd quarter. Intech Investment Management LLC now owns 37,002 shares of the company’s stock worth $1,236,000 after purchasing an additional 28,166 shares during the last quarter. Finally, Blair William & Co. IL bought a new stake in Keurig Dr Pepper during the 2nd quarter valued at approximately $217,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on KDP. UBS Group lifted their price target 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. 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. Wells Fargo & Company upped their price objective on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Finally, Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and raised their target price for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus target price of $36.50.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $37.46 on Friday. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $37.84. The company’s 50-day moving average is $35.37 and its two-hundred day moving average is $33.44. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The company has a market cap of $50.78 billion, a PE ratio of 24.17, a PEG ratio of 2.79 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 EPS. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a $0.23 dividend. This is a positive change 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 2.46%. Keurig Dr Pepper’s 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.