Frank Rimerman Advisors LLC Boosts Stock Holdings in Keurig Dr Pepper, Inc $KDP

Frank Rimerman Advisors LLC increased its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 36.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 19,370 shares of the company’s stock after buying an additional 5,221 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Keurig Dr Pepper were worth $640,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in Keurig Dr Pepper in the first quarter valued at $25,000. Chung Wu Investment Group LLC acquired a new stake in shares of Keurig Dr Pepper during the 2nd quarter valued at about $26,000. NewSquare Capital LLC increased its stake in shares of Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after purchasing an additional 386 shares in the last quarter. WPG Advisers LLC acquired a new position in Keurig Dr Pepper in the 1st quarter worth about $43,000. Finally, Private Trust Co. NA boosted its position in 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 in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Down 1.9%

Shares of KDP opened at $26.89 on Thursday. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $36.12. The stock has a market cap of $36.53 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. The firm’s fifty day moving average is $26.74 and its two-hundred day moving average is $30.75. The company has a quick ratio of 0.40, a current ratio of 0.62 and a debt-to-equity ratio of 0.53.

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

Keurig Dr Pepper Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KDP. The Goldman Sachs Group cut their price objective on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. TD Cowen cut their price target 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. BNP Paribas Exane downgraded shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, August 26th. Finally, Cowen restated a “hold” rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 1st. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.27.

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.