Quantinno Capital Management LP Reduces Position in Keurig Dr Pepper, Inc $KDP

Quantinno Capital Management LP lessened its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 5.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,547,664 shares of the company’s stock after selling 96,952 shares during the quarter. Quantinno Capital Management LP’s holdings in Keurig Dr Pepper were worth $40,750,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. SummitTX Capital L.P. raised its position in shares of Keurig Dr Pepper by 5.5% in the first quarter. SummitTX Capital L.P. now owns 41,460 shares of the company’s stock valued at $1,092,000 after purchasing an additional 2,163 shares during the period. Lazard Asset Management LLC boosted its holdings in Keurig Dr Pepper by 9.9% in the 1st quarter. Lazard Asset Management LLC now owns 702,373 shares of the company’s stock worth $18,493,000 after buying an additional 63,123 shares during the period. OMERS ADMINISTRATION Corp boosted its holdings in Keurig Dr Pepper by 34.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 52,777 shares of the company’s stock worth $1,390,000 after buying an additional 13,630 shares during the period. 44 Wealth Management LLC grew its stake in Keurig Dr Pepper by 20.9% in the 1st quarter. 44 Wealth Management LLC now owns 50,967 shares of the company’s stock valued at $1,342,000 after buying an additional 8,811 shares in the last quarter. Finally, Waverly Advisors LLC grew its stake in Keurig Dr Pepper by 360.5% in the 1st quarter. Waverly Advisors LLC now owns 148,670 shares of the company’s stock valued at $3,914,000 after buying an additional 116,385 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their price target on Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. UBS Group boosted their price objective on Keurig Dr Pepper from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Barclays raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $30.00 to $36.00 in a report on Thursday, June 25th. Finally, Sanford C. Bernstein set a $39.00 target price on Keurig Dr Pepper in a research note on Wednesday, July 8th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.40.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $31.57 on Friday. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $42.95 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 1.44 and a beta of 0.40. The firm’s 50 day simple moving average is $31.06 and its 200 day simple moving average is $29.02.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 2.9%. Keurig Dr Pepper’s dividend payout ratio is presently 68.15%.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single?serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single?serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.