Callan Family Office LLC Invests $221,000 in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Callan Family Office LLC acquired a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,907 shares of the company’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its holdings in Keurig Dr Pepper by 254.6% in the first quarter. Commonwealth Equity Services LLC now owns 95,877 shares of the company’s stock valued at $2,941,000 after purchasing an additional 68,840 shares in the last quarter. Twin Tree Management LP acquired a new position in Keurig Dr Pepper in the first quarter valued at approximately $512,000. Confluence Investment Management LLC acquired a new position in Keurig Dr Pepper in the first quarter valued at approximately $11,375,000. PBCay One RSC Ltd acquired a new position in Keurig Dr Pepper in the fourth quarter valued at approximately $1,543,000. Finally, FORA Capital LLC acquired a new position in Keurig Dr Pepper in the first quarter valued at approximately $4,519,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $41.00 price target on shares of Keurig Dr Pepper in a report on Friday, July 26th. JPMorgan Chase & Co. decreased their price objective on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Citigroup raised Keurig Dr Pepper from a “neutral” rating to a “buy” rating and increased their price objective for the company from $36.00 to $43.00 in a report on Monday, September 23rd. Evercore ISI raised Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. Finally, BNP Paribas started coverage on Keurig Dr Pepper in a report on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.53.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $36.20 on Wednesday. The business has a 50 day simple moving average of $36.27 and a 200-day simple moving average of $34.12. The stock has a market capitalization of $49.07 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 2.86 and a beta of 0.62. 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 Inc. has a 12 month low of $27.66 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. Keurig Dr Pepper’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 earnings per share. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a $0.23 dividend. 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 2.54%. Keurig Dr Pepper’s dividend payout ratio is presently 59.35%.

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.