Sequoia Financial Advisors LLC Increases Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Sequoia Financial Advisors LLC raised its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 14.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,739 shares of the company’s stock after buying an additional 1,651 shares during the period. Sequoia Financial Advisors LLC’s holdings in Keurig Dr Pepper were worth $477,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KDP. Everence Capital Management Inc. acquired a new position in shares of Keurig Dr Pepper during the third quarter worth about $617,000. Barden Capital Management Inc. lifted its stake in Keurig Dr Pepper by 2.0% in the third quarter. Barden Capital Management Inc. now owns 39,483 shares of the company’s stock worth $1,480,000 after acquiring an additional 771 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Keurig Dr Pepper by 5.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock worth $574,146,000 after acquiring an additional 730,297 shares in the last quarter. Raymond James & Associates increased its position in shares of Keurig Dr Pepper by 11.1% in the 3rd quarter. Raymond James & Associates now owns 1,359,383 shares of the company’s stock valued at $50,950,000 after purchasing an additional 135,409 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Keurig Dr Pepper by 343.6% in the 3rd quarter. Blue Trust Inc. now owns 3,766 shares of the company’s stock valued at $141,000 after purchasing an additional 2,917 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Down 1.0 %

Shares of KDP stock opened at $34.58 on Monday. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $36.73 and a 200-day simple moving average of $34.67. The stock has a market cap of $46.88 billion, a P/E ratio of 22.31, a P/E/G ratio of 2.73 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 earnings per share. On average, analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.66%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s payout ratio is currently 59.35%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Evercore ISI upgraded shares of Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Barclays increased their target price on shares of Keurig Dr Pepper from $37.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. TD Cowen boosted their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Wells Fargo & Company dropped their price objective on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Royal Bank of Canada boosted their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus price target of $38.50.

About Keurig Dr Pepper

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.