Prudential PLC Sells 23,431 Shares of Keurig Dr Pepper, Inc $KDP

Prudential PLC lessened its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 5.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 386,651 shares of the company’s stock after selling 23,431 shares during the period. Prudential PLC’s holdings in Keurig Dr Pepper were worth $12,783,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Mutual of America Capital Management LLC increased its position in Keurig Dr Pepper by 2.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 138,923 shares of the company’s stock valued at $4,754,000 after acquiring an additional 3,977 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of Keurig Dr Pepper by 21.5% during the first quarter. Kestra Private Wealth Services LLC now owns 10,875 shares of the company’s stock valued at $372,000 after purchasing an additional 1,926 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Keurig Dr Pepper by 46.9% during the first quarter. Allianz Asset Management GmbH now owns 105,700 shares of the company’s stock valued at $3,617,000 after purchasing an additional 33,769 shares during the last quarter. HighPoint Advisor Group LLC acquired a new stake in shares of Keurig Dr Pepper in the first quarter valued at approximately $216,000. Finally, PFG Advisors raised its position in Keurig Dr Pepper by 38.2% in the 1st quarter. PFG Advisors now owns 32,204 shares of the company’s stock worth $1,102,000 after purchasing an additional 8,898 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Trading Up 1.2%

NASDAQ:KDP opened at $27.21 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.40 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12. The firm has a market capitalization of $36.97 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.75 and a beta of 0.43. The business’s 50-day moving average price is $26.73 and its two-hundred day moving average price is $30.72.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. Keurig Dr Pepper’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. On average, equities analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on KDP shares. UBS Group reiterated a “buy” rating and issued a $35.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. JPMorgan Chase & Co. decreased their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. TD Cowen dropped their price objective on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. The Goldman Sachs Group cut their target price on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Finally, BNP Paribas Exane cut shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Hold” and a consensus price target of $35.27.

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.