Keurig Dr Pepper, Inc $KDP Position Lifted by US Bancorp DE

US Bancorp DE grew its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 9.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,641 shares of the company’s stock after buying an additional 6,208 shares during the period. US Bancorp DE’s holdings in Keurig Dr Pepper were worth $2,335,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Park Avenue Securities LLC bought a new stake in Keurig Dr Pepper in the 1st quarter valued at about $251,000. Farther Finance Advisors LLC lifted its stake in shares of Keurig Dr Pepper by 122.1% in the 1st quarter. Farther Finance Advisors LLC now owns 8,771 shares of the company’s stock worth $307,000 after acquiring an additional 4,822 shares during the period. GAMMA Investing LLC lifted its position in Keurig Dr Pepper by 23.2% in the first quarter. GAMMA Investing LLC now owns 9,963 shares of the company’s stock worth $341,000 after purchasing an additional 1,879 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Keurig Dr Pepper by 47.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,689 shares of the company’s stock worth $1,290,000 after purchasing an additional 12,157 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in Keurig Dr Pepper by 3.9% in the first quarter. Exchange Traded Concepts LLC now owns 33,930 shares of the company’s stock worth $1,161,000 after purchasing an additional 1,258 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Cowen restated a “hold” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 1st. UBS Group cut their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, August 27th. JPMorgan Chase & Co. cut their price target on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, July 17th. Barclays lowered shares of Keurig Dr Pepper from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $39.00 to $26.00 in a research note on Wednesday, September 24th. Finally, Hsbc Global Res lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $35.00.

Keurig Dr Pepper Stock Up 1.0%

KDP opened at $26.69 on Wednesday. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $37.27. The business has a 50-day moving average of $29.12 and a 200-day moving average of $32.13. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. The company has a market capitalization of $36.26 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 1.46 and a beta of 0.43.

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

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 82.14%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $32.90, for a total value of $6,843,200.00. Following the transaction, the director directly owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the completion of the transaction, the insider directly owned 82,511 shares in the company, valued at approximately $2,777,320.26. This represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 435,601 shares of company stock worth $14,421,512 in the last quarter. Insiders own 1.00% of the company’s stock.

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.