J.W. Cole Advisors Inc. purchased a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 47,412 shares of the company’s stock, valued at approximately $59,000.
A number of other large investors have also made changes to their positions in the business. Unison Advisors LLC increased its position in shares of Keurig Dr Pepper by 0.5% during the first quarter. Unison Advisors LLC now owns 56,622 shares of the company’s stock worth $2,157,000 after purchasing an additional 284 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Keurig Dr Pepper by 1.1% in the 4th quarter. Allianz Asset Management GmbH now owns 30,327 shares of the company’s stock valued at $1,118,000 after acquiring an additional 327 shares during the period. Xponance Inc. increased its position in shares of Keurig Dr Pepper by 5.0% in the 1st quarter. Xponance Inc. now owns 7,978 shares of the company’s stock valued at $302,000 after acquiring an additional 382 shares during the period. Redpoint Investment Management Pty Ltd increased its position in shares of Keurig Dr Pepper by 2.7% in the 1st quarter. Redpoint Investment Management Pty Ltd now owns 14,999 shares of the company’s stock valued at $568,000 after acquiring an additional 391 shares during the period. Finally, Marco Investment Management LLC increased its position in shares of Keurig Dr Pepper by 1.9% in the 1st quarter. Marco Investment Management LLC now owns 21,000 shares of the company’s stock valued at $796,000 after acquiring an additional 400 shares during the period. 52.29% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. UBS Group upped their target price on Keurig Dr Pepper from $38.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, August 1st. JPMorgan Chase & Co. cut their target price on Keurig Dr Pepper from $44.00 to $42.00 in a research report on Wednesday, July 20th. Finally, StockNews.com raised Keurig Dr Pepper from a “hold” rating to a “buy” rating in a research report on Monday, July 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.
Insider Transactions at Keurig Dr Pepper
Keurig Dr Pepper Price Performance
NASDAQ:KDP opened at $37.11 on Friday. Keurig Dr Pepper Inc. has a one year low of $32.44 and a one year high of $41.31. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.37 and a current ratio of 0.56. The firm has a market cap of $52.55 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 3.17 and a beta of 0.61. The firm’s fifty day moving average is $38.72 and its two-hundred day moving average is $36.85.
Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Keurig Dr Pepper had a net margin of 16.39% and a return on equity of 9.15%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same period in the prior year, the company earned $0.38 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis. Research analysts expect that Keurig Dr Pepper Inc. will post 1.69 EPS for the current year.
Keurig Dr Pepper Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.20 per share. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, September 29th. Keurig Dr Pepper’s dividend payout ratio is presently 49.34%.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.
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