Assetmark Inc. Purchases 19,612 Shares of Keurig Dr Pepper, Inc $KDP

Assetmark Inc. grew its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 72.8% in the second quarter, Holdings Channel reports. The fund owned 46,568 shares of the company’s stock after acquiring an additional 19,612 shares during the quarter. Assetmark Inc.’s holdings in Keurig Dr Pepper were worth $1,540,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Croban increased its holdings in Keurig Dr Pepper by 0.9% in the 2nd quarter. Croban now owns 31,849 shares of the company’s stock worth $1,053,000 after purchasing an additional 294 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Keurig Dr Pepper by 26.4% during the second quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock worth $54,000 after purchasing an additional 339 shares during the last quarter. Commerce Bank increased its stake in shares of Keurig Dr Pepper by 1.6% in the first quarter. Commerce Bank now owns 21,513 shares of the company’s stock valued at $736,000 after buying an additional 340 shares during the period. Allworth Financial LP raised its holdings in Keurig Dr Pepper by 3.8% in the 1st quarter. Allworth Financial LP now owns 10,242 shares of the company’s stock valued at $353,000 after buying an additional 371 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its position in Keurig Dr Pepper by 3.5% during the 2nd quarter. Raleigh Capital Management Inc. now owns 11,617 shares of the company’s stock worth $384,000 after buying an additional 395 shares during the period. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 1.0%

Shares of Keurig Dr Pepper stock opened at $26.72 on Thursday. The stock’s 50-day moving average is $27.11 and its 200 day moving average is $31.30. Keurig Dr Pepper, Inc has a one year low of $25.03 and a one year high of $36.12. The firm has a market cap of $36.30 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.75 and a beta of 0.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.40.

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, meeting the consensus estimate of $0.54. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The company’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 earnings per share. Equities research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Analyst Ratings Changes

KDP has been the subject of several recent research reports. Citigroup decreased their price target on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Wells Fargo & Company increased their price objective on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. UBS Group reaffirmed a “buy” rating and set a $35.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Jefferies Financial Group set a $41.00 price target on Keurig Dr Pepper in a research note on Monday, August 25th. Finally, Bank of America lowered their price objective on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.27.

Insider Buying and Selling

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 7,601 shares of Keurig Dr Pepper stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the sale, the director directly owned 2,284,568 shares of the company’s stock, valued at approximately $82,038,836.88. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

About Keurig Dr Pepper

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.