abrdn plc decreased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,171 shares of the company’s stock after selling 3,963 shares during the period. abrdn plc’s holdings in Keurig Dr Pepper were worth $4,377,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of KDP. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Keurig Dr Pepper by 124.0% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 56,049 shares of the company’s stock valued at $1,567,000 after purchasing an additional 31,025 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Keurig Dr Pepper by 36.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,619,729 shares of the company’s stock valued at $51,828,000 after purchasing an additional 434,588 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Keurig Dr Pepper by 19.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 13,899 shares of the company’s stock valued at $477,000 after purchasing an additional 2,232 shares during the period. Standard Life Aberdeen plc increased its holdings in shares of Keurig Dr Pepper by 99.1% in the 1st quarter. Standard Life Aberdeen plc now owns 128,134 shares of the company’s stock valued at $4,404,000 after purchasing an additional 63,788 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of Keurig Dr Pepper by 50.2% in the 1st quarter. Alliancebernstein L.P. now owns 306,288 shares of the company’s stock valued at $10,527,000 after purchasing an additional 102,421 shares during the period. Institutional investors own 46.97% of the company’s stock.
A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Keurig Dr Pepper from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Monday. TheStreet upgraded Keurig Dr Pepper from a “d” rating to a “b-” rating in a report on Thursday, July 29th. Finally, Wells Fargo & Company upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $36.00 to $42.00 in a report on Tuesday, June 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $37.67.
Shares of Keurig Dr Pepper stock opened at $34.33 on Thursday. The stock has a market capitalization of $48.67 billion, a P/E ratio of 29.85, a PEG ratio of 2.48 and a beta of 0.69. The company has a quick ratio of 0.25, a current ratio of 0.38 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average price of $35.05 and a two-hundred day moving average price of $35.22. Keurig Dr Pepper Inc. has a 12-month low of $26.67 and a 12-month high of $37.11.
Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Keurig Dr Pepper had a return on equity of 8.91% and a net margin of 13.49%. Sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Friday, October 1st will be given a dividend of $0.1875 per share. The ex-dividend date is Thursday, September 30th. This represents a $0.75 dividend on an annualized basis and a yield of 2.18%. Keurig Dr Pepper’s payout ratio is currently 53.57%.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper, Inc engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes manufacture and distribution of finished goods relating to coffee, pods, and brewers.
See Also: Outperform Rating
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