Keurig Dr Pepper Inc. (NASDAQ:KDP) Position Lifted by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,342,765 shares of the company’s stock after acquiring an additional 317,837 shares during the period. Keurig Dr Pepper comprises approximately 1.5% of Barrow Hanley Mewhinney & Strauss LLC’s holdings, making the stock its 26th biggest position. Barrow Hanley Mewhinney & Strauss LLC owned 0.98% of Keurig Dr Pepper worth $445,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Keurig Dr Pepper in the 2nd quarter worth approximately $1,616,000. Asset Management Group Inc. bought a new position in Keurig Dr Pepper during the second quarter worth $203,000. Summit Trail Advisors LLC boosted its holdings in Keurig Dr Pepper by 42.0% in the second quarter. Summit Trail Advisors LLC now owns 18,639 shares of the company’s stock worth $626,000 after purchasing an additional 5,514 shares during the period. Thrivent Financial for Lutherans increased its stake in Keurig Dr Pepper by 403.1% during the second quarter. Thrivent Financial for Lutherans now owns 237,597 shares of the company’s stock valued at $7,936,000 after purchasing an additional 190,374 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Keurig Dr Pepper by 38.0% during the second quarter. Sei Investments Co. now owns 852,603 shares of the company’s stock worth $28,478,000 after purchasing an additional 234,564 shares during the period. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Down 0.1 %

NASDAQ:KDP 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 business has a fifty day moving average of $35.37 and a 200-day moving average of $33.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. The stock has a market cap of $50.78 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 2.79 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the firm posted $0.42 EPS. Keurig Dr Pepper’s revenue was up 3.5% compared to the same quarter last year. Equities analysts predict 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 announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a dividend of $0.23 per share. This is a boost 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 yield of 2.46%. Keurig Dr Pepper’s payout ratio is presently 59.35%.

Wall Street Analyst Weigh In

KDP has been the subject of several research reports. BNP Paribas began coverage on shares of Keurig Dr Pepper in a report on Monday, June 24th. They issued a “neutral” rating and a $36.00 price target for the company. Barclays decreased their target price 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. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. reduced their price objective on 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. Finally, Royal Bank of Canada restated 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 given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $36.50.

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.