Aristides Capital LLC Purchases New Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Aristides Capital LLC acquired a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,000 shares of the company’s stock, valued at approximately $501,000.

A number of other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in Keurig Dr Pepper by 15.5% during the 4th quarter. California State Teachers Retirement System now owns 1,739,098 shares of the company’s stock worth $57,947,000 after buying an additional 233,702 shares during the period. KBC Group NV grew its stake in shares of Keurig Dr Pepper by 0.7% in the fourth quarter. KBC Group NV now owns 276,157 shares of the company’s stock valued at $9,202,000 after buying an additional 1,984 shares in the last quarter. NEOS Investment Management LLC increased its holdings in Keurig Dr Pepper by 4.4% during the fourth quarter. NEOS Investment Management LLC now owns 59,738 shares of the company’s stock worth $1,990,000 after buying an additional 2,524 shares during the last quarter. CIBC Asset Management Inc raised its position in Keurig Dr Pepper by 0.9% during the fourth quarter. CIBC Asset Management Inc now owns 335,122 shares of the company’s stock worth $11,166,000 after acquiring an additional 3,104 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its stake in Keurig Dr Pepper by 26.9% in the fourth quarter. Rafferty Asset Management LLC now owns 416,543 shares of the company’s stock valued at $13,879,000 after acquiring an additional 88,421 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Up 0.2 %

KDP stock opened at $37.48 on Tuesday. The stock’s 50 day moving average is $35.94 and its 200-day moving average is $33.86. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $38.28. The firm has a market capitalization of $50.81 billion, a PE ratio of 24.18, a P/E/G ratio of 2.86 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The firm 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. Sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a dividend of $0.23 per share. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is currently 59.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KDP shares. Citigroup upgraded Keurig Dr Pepper from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $36.00 to $43.00 in a report on Monday, September 23rd. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. cut their price objective on shares of 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $41.00 target price on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Finally, Barclays dropped their price target on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus price target of $37.53.

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.