Keurig Dr Pepper, Inc $KDP Position Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 13.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 223,693 shares of the company’s stock after acquiring an additional 27,197 shares during the period. PNC Financial Services Group Inc.’s holdings in Keurig Dr Pepper were worth $7,395,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Keurig Dr Pepper by 21.3% in the 1st quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company’s stock worth $4,962,338,000 after purchasing an additional 25,425,644 shares during the period. JPMorgan Chase & Co. raised 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 period. Invesco Ltd. lifted its holdings in shares of Keurig Dr Pepper by 1.7% in the first quarter. Invesco Ltd. now owns 21,973,128 shares of the company’s stock valued at $751,920,000 after purchasing an additional 367,518 shares in the last quarter. Northern Trust Corp boosted its position in shares of Keurig Dr Pepper by 0.8% in the first quarter. Northern Trust Corp now owns 13,712,677 shares of the company’s stock worth $469,248,000 after buying an additional 114,044 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Keurig Dr Pepper by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 10,284,995 shares of the company’s stock valued at $351,927,000 after buying an additional 358,350 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 7,601 shares of the firm’s 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 transaction, the director directly owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Hsbc Global Res downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Barclays increased their price target on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. lowered their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. Finally, BNP Paribas downgraded shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.27.

Keurig Dr Pepper Trading Up 0.5%

Shares of NASDAQ KDP opened at $27.13 on Monday. The stock has a market cap of $36.86 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 1.75 and a beta of 0.43. The business has a 50 day simple moving average of $26.77 and a 200 day simple moving average of $30.88. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.40 and a current ratio of 0.62.

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

Keurig Dr Pepper Dividend Announcement

The business also recently announced 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 of this dividend 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 presently 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.