Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Axa S.A.

Axa S.A. raised its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 79.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 375,538 shares of the company’s stock after purchasing an additional 165,779 shares during the quarter. Axa S.A.’s holdings in Keurig Dr Pepper were worth $12,543,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in KDP. Capital World Investors boosted its holdings in Keurig Dr Pepper by 14.6% in the fourth 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Keurig Dr Pepper by 107.6% during 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 last quarter. Vanguard Group Inc. grew its position in shares of Keurig Dr Pepper by 9.4% during the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock worth $2,786,075,000 after acquiring an additional 7,825,418 shares during the last quarter. Pathstone Holdings LLC acquired a new position in Keurig Dr Pepper during the 4th quarter worth $105,569,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Keurig Dr Pepper by 41.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company’s stock worth $212,901,000 after purchasing an additional 1,878,597 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KDP shares. Wells Fargo & Company lifted 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 note on Wednesday, June 5th. Barclays dropped their price target on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a report on Monday, September 23rd. TD Cowen upped their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, BNP Paribas started coverage on Keurig Dr Pepper in a research report on Monday, June 24th. They set a “neutral” rating and a $36.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.53.

Keurig Dr Pepper Price Performance

KDP stock opened at $37.42 on Friday. The firm has a 50-day moving average of $35.84 and a two-hundred day moving average of $33.73. The firm has a market capitalization of $50.74 billion, a PE ratio of 24.14, a P/E/G ratio of 2.86 and a beta of 0.62. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $38.28.

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. 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 last year, the business posted $0.42 EPS. The company’s revenue was up 3.5% on a year-over-year basis. On average, analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.46%. 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. Keurig Dr Pepper’s payout ratio is presently 55.48%.

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.