First Horizon Advisors Inc. Raises Stake in Keurig Dr Pepper, Inc $KDP

First Horizon Advisors Inc. raised its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 35.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,022 shares of the company’s stock after buying an additional 2,383 shares during the quarter. First Horizon Advisors Inc.’s holdings in Keurig Dr Pepper were worth $298,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Croban lifted its holdings in shares of Keurig Dr Pepper by 0.9% in the second quarter. Croban now owns 31,849 shares of the company’s stock worth $1,053,000 after buying an additional 294 shares in the last quarter. Private Trust Co. NA lifted its stake in Keurig Dr Pepper by 26.4% in the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock worth $54,000 after purchasing an additional 339 shares in the last quarter. Commerce Bank boosted its holdings in Keurig Dr Pepper by 1.6% in the 1st quarter. Commerce Bank now owns 21,513 shares of the company’s stock valued at $736,000 after purchasing an additional 340 shares during the period. Allworth Financial LP grew its position in shares of Keurig Dr Pepper by 3.8% during the 1st quarter. Allworth Financial LP now owns 10,242 shares of the company’s stock valued at $353,000 after purchasing an additional 371 shares in the last quarter. Finally, NewSquare Capital LLC grew its position in shares of Keurig Dr Pepper by 94.1% during the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after purchasing an additional 386 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KDP shares. Citigroup dropped their price objective on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Hsbc Global Res cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. The Goldman Sachs Group cut their price objective on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, October 2nd. Barclays upped their price objective on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Finally, BNP Paribas Exane lowered shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $35.27.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 7,601 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the sale, the director directly owned 2,284,568 shares in the company, valued at $82,038,836.88. This represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $25.96 on Friday. The company has a market capitalization of $35.27 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 1.75 and a beta of 0.43. The business has a 50 day moving average of $26.99 and a 200 day moving average of $31.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.40. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12.

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

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

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.