Lecap Asset Management Ltd. Raises Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Lecap Asset Management Ltd. raised its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 261.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,119 shares of the company’s stock after purchasing an additional 21,068 shares during the period. Lecap Asset Management Ltd.’s holdings in Keurig Dr Pepper were worth $1,091,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its holdings in Keurig Dr Pepper by 312.1% in the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after acquiring an additional 643 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Keurig Dr Pepper by 617.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after purchasing an additional 685 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after purchasing an additional 301 shares during the period. Hantz Financial Services Inc. acquired a new position in Keurig Dr Pepper during the second quarter worth $35,000. Finally, Riverview Trust Co purchased a new position in shares of Keurig Dr Pepper during the second quarter worth $39,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KDP. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Citigroup upgraded Keurig Dr Pepper from a “neutral” rating to a “buy” rating and lifted their target price for the company from $36.00 to $43.00 in a report on Monday, September 23rd. Barclays boosted their price objective on Keurig Dr Pepper from $37.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. lifted their price target on shares of Keurig Dr Pepper from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 price objective on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.21.

Keurig Dr Pepper Stock Down 0.6 %

Shares of NASDAQ:KDP opened at $36.70 on Thursday. 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 company has a market cap of $49.75 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.73 and a beta of 0.62. Keurig Dr Pepper Inc. has a fifty-two week low of $28.40 and a fifty-two week high of $38.28. The firm’s 50-day simple moving average is $36.72 and its 200-day simple moving average is $34.58.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the company earned $0.42 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.23 dividend. The ex-dividend date was Friday, September 27th. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.51%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 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.