23,306 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Bought by Tectonic Advisors LLC

Tectonic Advisors LLC purchased a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,306 shares of the company’s stock, valued at approximately $874,000.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Keurig Dr Pepper by 9.4% in the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock worth $2,786,075,000 after purchasing an additional 7,825,418 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Keurig Dr Pepper by 107.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock worth $725,487,000 after purchasing an additional 12,259,471 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Keurig Dr Pepper by 5.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock worth $574,146,000 after purchasing an additional 730,297 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Keurig Dr Pepper by 2.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company’s stock worth $445,648,000 after purchasing an additional 317,837 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Keurig Dr Pepper by 6.5% in the second quarter. Legal & General Group Plc now owns 9,971,838 shares of the company’s stock worth $333,057,000 after purchasing an additional 609,857 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KDP shares. JPMorgan Chase & Co. cut their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday. TD Cowen boosted their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 26th. Royal Bank of Canada upped their price target on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday. Wells Fargo & Company dropped their price target on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Barclays upped their price target on Keurig Dr Pepper from $37.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.50.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $34.58 on Friday. The stock’s 50-day simple moving average is $36.73 and its 200 day simple moving average is $34.62. The stock has a market capitalization of $46.88 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 2.73 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. 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 issued its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 EPS. Research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.23 dividend. This is a positive change 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 2.66%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is currently 59.35%.

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.