Lake Street Advisors Group LLC Grows Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Lake Street Advisors Group LLC increased its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 12.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,327 shares of the company’s stock after buying an additional 945 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Keurig Dr Pepper were worth $314,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tectonic Advisors LLC acquired a new position in Keurig Dr Pepper in the 3rd quarter worth $874,000. Dakota Wealth Management lifted its stake in shares of Keurig Dr Pepper by 8.4% in the third quarter. Dakota Wealth Management now owns 98,837 shares of the company’s stock worth $3,708,000 after acquiring an additional 7,696 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Keurig Dr Pepper by 4.6% during the 3rd quarter. IFM Investors Pty Ltd now owns 278,682 shares of the company’s stock valued at $10,445,000 after purchasing an additional 12,263 shares in the last quarter. Coho Partners Ltd. increased its holdings in Keurig Dr Pepper by 37.8% during the 3rd quarter. Coho Partners Ltd. now owns 2,448,424 shares of the company’s stock worth $91,767,000 after purchasing an additional 671,796 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Keurig Dr Pepper by 6,430.6% in the 3rd quarter. International Assets Investment Management LLC now owns 114,351 shares of the company’s stock valued at $4,286,000 after purchasing an additional 112,600 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

KDP opened at $34.58 on Friday. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The stock has a market cap of $46.88 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 2.73 and a beta of 0.62. The business’s 50 day moving average is $36.73 and its 200-day moving average is $34.64. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. On average, analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.66%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s payout ratio is 59.35%.

Analysts Set New Price Targets

A number of analysts recently issued reports on KDP shares. Wells Fargo & Company dropped their price target on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday. Barclays increased their price target on shares of Keurig Dr Pepper from $37.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Evercore ISI raised Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. Finally, Citigroup lowered their price target on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.50.

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.