Keurig Dr Pepper, Inc $KDP Shares Purchased by CENTRAL TRUST Co

CENTRAL TRUST Co raised its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 584.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,397 shares of the company’s stock after acquiring an additional 2,047 shares during the period. CENTRAL TRUST Co’s holdings in Keurig Dr Pepper were worth $79,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Keurig Dr Pepper by 21.3% during the first 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% during the 1st quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company’s stock worth $1,330,565,000 after acquiring an additional 20,196,835 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Keurig Dr Pepper by 981.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,514,608 shares of the company’s stock worth $86,050,000 after acquiring an additional 2,282,050 shares during the last quarter. Seven Grand Managers LLC purchased a new stake in Keurig Dr Pepper in the first quarter valued at approximately $51,330,000. Finally, Armistice Capital LLC acquired a new position in Keurig Dr Pepper during the first quarter worth approximately $37,632,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on KDP shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Friday, October 31st. Bank of America reduced their target price on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Hsbc Global Res downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. JPMorgan Chase & Co. decreased their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Finally, Cowen restated a “hold” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 1st. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Hold” and a consensus price target of $35.27.

Keurig Dr Pepper Price Performance

KDP stock opened at $27.13 on Friday. The firm has a market cap of $36.86 billion, a P/E ratio of 23.39, 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, Inc has a 1 year low of $25.03 and a 1 year high of $36.12. The stock has a 50-day simple moving average of $26.77 and a 200-day simple moving average of $30.92.

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

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend 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.