Grantham Mayo Van Otterloo & Co. LLC Increases Holdings in Keurig Dr Pepper, Inc $KDP

Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 182.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 314,048 shares of the company’s stock after acquiring an additional 202,922 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Keurig Dr Pepper were worth $10,382,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rise Advisors LLC acquired a new stake in Keurig Dr Pepper during the first quarter worth approximately $25,000. NewSquare Capital LLC grew its position in shares of Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after buying an additional 386 shares during the last quarter. Chung Wu Investment Group LLC acquired a new stake in Keurig Dr Pepper during the 2nd quarter worth $26,000. AlphaCore Capital LLC purchased a new stake in Keurig Dr Pepper in the second quarter valued at $26,000. Finally, WPG Advisers LLC acquired a new position in Keurig Dr Pepper in the first quarter valued at $43,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KDP has been the topic of a number of research analyst reports. Citigroup cut their target price on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Wells Fargo & Company boosted their price objective on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. decreased their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, October 20th. UBS Group reaffirmed a “buy” rating and issued a $35.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Finally, The Goldman Sachs Group decreased their price target on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $35.27.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $27.91 on Friday. The stock has a market capitalization of $37.91 billion, a P/E ratio of 24.06, a P/E/G ratio of 1.75 and a beta of 0.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.40 and a current ratio of 0.62. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $36.12. The company’s fifty day moving average is $26.79 and its two-hundred day moving average is $30.44.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly 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. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. On average, sell-side analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio is 79.31%.

Keurig Dr Pepper 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.