Candriam S.C.A. Grows Position in Keurig Dr Pepper, Inc $KDP

Candriam S.C.A. grew its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 91.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 250,278 shares of the company’s stock after buying an additional 119,723 shares during the period. Candriam S.C.A.’s holdings in Keurig Dr Pepper were worth $8,275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Keurig Dr Pepper by 21.3% in the 1st quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company’s stock valued at $4,962,338,000 after acquiring an additional 25,425,644 shares during the period. JPMorgan Chase & Co. grew its stake in Keurig Dr Pepper by 108.1% during the 1st quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company’s stock valued at $1,330,565,000 after purchasing an additional 20,196,835 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Keurig Dr Pepper by 13.5% in the second quarter. Geode Capital Management LLC now owns 30,217,363 shares of the company’s stock valued at $994,275,000 after purchasing an additional 3,595,579 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Keurig Dr Pepper by 981.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,514,608 shares of the company’s stock valued at $86,050,000 after purchasing an additional 2,282,050 shares during the period. Finally, Seven Grand Managers LLC purchased a new position in shares of Keurig Dr Pepper in the first quarter worth about $51,330,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert James Gamgort sold 7,601 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was 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 in the company, valued at $82,038,836.88. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KDP. Piper Sandler dropped their target price on Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Wells Fargo & Company upped their price objective on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. TD Cowen reduced their target price on shares of Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. Hsbc Global Res downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, BNP Paribas Exane downgraded Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $35.27.

Keurig Dr Pepper Stock Up 0.5%

KDP stock opened at $27.13 on Friday. The firm has a market cap of $36.86 billion, a PE ratio of 23.39, 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. The firm’s fifty day moving average is $26.77 and its 200 day moving average is $30.92. Keurig Dr Pepper, Inc has a one year low of $25.03 and a one year high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The company’s revenue was up 10.7% compared to the same quarter last year. On average, research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

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

Keurig Dr Pepper Company 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.