Securian Asset Management Inc. Purchases 7,798 Shares of Keurig Dr Pepper, Inc $KDP

Securian Asset Management Inc. increased its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 12.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,010 shares of the company’s stock after purchasing an additional 7,798 shares during the period. Securian Asset Management Inc.’s holdings in Keurig Dr Pepper were worth $2,348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amundi raised its position in shares of Keurig Dr Pepper by 7.7% during the 1st quarter. Amundi now owns 4,404,145 shares of the company’s stock valued at $156,920,000 after purchasing an additional 315,290 shares during the period. Dynamic Technology Lab Private Ltd raised its position in shares of Keurig Dr Pepper by 61.8% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 60,630 shares of the company’s stock valued at $2,075,000 after purchasing an additional 23,167 shares during the period. Truist Financial Corp raised its position in shares of Keurig Dr Pepper by 15.2% during the 2nd quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock valued at $9,987,000 after purchasing an additional 39,916 shares during the period. LBP AM SA increased its holdings in Keurig Dr Pepper by 1,772.6% in the 2nd quarter. LBP AM SA now owns 549,178 shares of the company’s stock valued at $18,156,000 after acquiring an additional 519,851 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Keurig Dr Pepper by 9.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 152,411 shares of the company’s stock valued at $5,038,000 after acquiring an additional 12,530 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Insider Activity at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the completion of the transaction, the director directly owned 2,292,169 shares of the company’s stock, valued at approximately $75,412,360.10. The trade was a 8.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 423,601 shares of company stock worth $14,017,592. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP opened at $27.67 on Wednesday. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.99. The stock has a market capitalization of $37.59 billion, a P/E ratio of 24.71, a PEG ratio of 1.54 and a beta of 0.43. The firm has a fifty day simple moving average of $28.46 and a two-hundred day simple moving average of $31.88. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same period last year, the company posted $0.45 EPS. The business’s revenue was up 6.1% on a year-over-year basis. On average, analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid 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 dividend yield of 3.3%. Keurig Dr Pepper’s payout ratio is currently 82.14%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on KDP shares. HSBC reiterated a “hold” rating and issued a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. TD Cowen reduced their price target on shares of Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, October 1st. UBS Group reduced their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, August 27th. Cowen reiterated a “hold” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 1st. Finally, Jefferies Financial Group set a $41.00 price target on shares of Keurig Dr Pepper in a report on Monday, August 25th. Eleven 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. According to MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Hold” and a consensus price target of $34.87.

Keurig Dr Pepper 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.