Aviva PLC Purchases 155,212 Shares of Keurig Dr Pepper, Inc $KDP

Aviva PLC lifted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 19.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 963,862 shares of the company’s stock after purchasing an additional 155,212 shares during the period. Aviva PLC owned 0.07% of Keurig Dr Pepper worth $31,865,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Keurig Dr Pepper by 21.3% during the 1st quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company’s stock worth $4,962,338,000 after buying an additional 25,425,644 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Keurig Dr Pepper by 108.1% in the 1st quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company’s stock worth $1,330,565,000 after purchasing an additional 20,196,835 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Keurig Dr Pepper by 981.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,514,608 shares of the company’s stock valued at $86,050,000 after purchasing an additional 2,282,050 shares during the period. Seven Grand Managers LLC acquired a new stake in Keurig Dr Pepper in the 1st quarter valued at $51,330,000. Finally, Armistice Capital LLC bought a new stake in Keurig Dr Pepper during the 1st quarter valued at $37,632,000. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Trading Down 1.5%

Shares of KDP opened at $25.96 on Monday. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $36.12. The business has a 50-day moving average of $26.99 and a 200 day moving average of $31.14. The firm has a market cap of $35.27 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.40 and a current ratio of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. As a group, research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid 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 payout ratio is currently 79.31%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 7,601 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the sale, the director 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 legal filing with the SEC, which is available at this link. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Friday, October 31st. The Goldman Sachs Group reduced their target price on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. HSBC reissued a “hold” rating and set a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. Finally, Citigroup reduced their price objective on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Ten equities research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $35.27.

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.