Mirae Asset Global Investments Co. Ltd. Raises Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 22.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,215 shares of the company’s stock after acquiring an additional 55,015 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Keurig Dr Pepper were worth $11,271,000 at the end of the most recent quarter.

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

Keurig Dr Pepper Stock Down 1.0 %

Shares of NASDAQ KDP opened at $34.58 on Monday. The stock has a market capitalization of $46.88 billion, a PE ratio of 22.31, a P/E/G ratio of 2.73 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. The firm has a fifty day moving average of $36.73 and a 200-day moving average of $34.67. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $3.89 billion during 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 firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. On average, analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KDP. TD Cowen upped their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Evercore ISI upgraded shares of Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. Barclays lifted their price target on shares of Keurig Dr Pepper from $37.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Jefferies Financial Group reduced their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company lowered their target price on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average target price of $38.50.

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.