Keurig Dr Pepper, Inc $KDP Shares Purchased by PFG Advisors

PFG Advisors raised its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 21.0% in the second quarter, Holdings Channel.com reports. The fund owned 38,972 shares of the company’s stock after buying an additional 6,768 shares during the quarter. PFG Advisors’ holdings in Keurig Dr Pepper were worth $1,288,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Zions Bancorporation National Association UT grew its holdings in shares of Keurig Dr Pepper by 1.7% during the 2nd quarter. Zions Bancorporation National Association UT now owns 23,971 shares of the company’s stock worth $792,000 after purchasing an additional 400 shares during the period. Acadian Asset Management LLC purchased a new position in Keurig Dr Pepper in the second quarter valued at approximately $2,338,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Keurig Dr Pepper by 16.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,633,059 shares of the company’s stock valued at $87,049,000 after buying an additional 373,737 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Keurig Dr Pepper by 60.0% during the second quarter. Parkside Financial Bank & Trust now owns 2,652 shares of the company’s stock worth $88,000 after buying an additional 995 shares during the period. Finally, Aviva PLC increased its position in shares of Keurig Dr Pepper by 19.2% in the second quarter. Aviva PLC now owns 963,862 shares of the company’s stock worth $31,865,000 after acquiring an additional 155,212 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KDP shares. Citigroup reduced their target price on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. BNP Paribas Exane downgraded Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. JPMorgan Chase & Co. reduced their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Monday, October 20th. The Goldman Sachs Group decreased their target price on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. Finally, TD Cowen lowered their target price on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $35.27.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $26.12 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.40. The firm has a 50-day moving average of $26.93 and a two-hundred day moving average of $31.08. The stock has a market cap of $35.49 billion, a P/E ratio of 22.52, a PEG ratio of 1.75 and a beta of 0.43. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, research analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.5%. Keurig Dr Pepper’s payout ratio is currently 79.31%.

Insider Activity

In other news, Director Robert James Gamgort sold 7,601 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the transaction, the director directly owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. This represents a 0.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by insiders.

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.