Russell Investments Group Ltd. Decreases Stock Holdings in Keurig Dr Pepper, Inc $KDP

Russell Investments Group Ltd. lowered its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 15.3% in the second quarter, HoldingsChannel.com reports. The firm owned 1,231,517 shares of the company’s stock after selling 222,560 shares during the quarter. Russell Investments Group Ltd.’s holdings in Keurig Dr Pepper were worth $40,560,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KDP. Croban lifted its holdings in Keurig Dr Pepper by 0.9% during the 2nd quarter. Croban now owns 31,849 shares of the company’s stock worth $1,053,000 after buying an additional 294 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Keurig Dr Pepper by 26.4% in the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock valued at $54,000 after acquiring an additional 339 shares during the last quarter. Commerce Bank raised its position in shares of Keurig Dr Pepper by 1.6% during the 1st quarter. Commerce Bank now owns 21,513 shares of the company’s stock worth $736,000 after acquiring an additional 340 shares in the last quarter. NewSquare Capital LLC lifted its stake in Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its holdings in Keurig Dr Pepper by 3.5% in the second quarter. Raleigh Capital Management Inc. now owns 11,617 shares of the company’s stock valued at $384,000 after purchasing an additional 395 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 0.8%

Shares of Keurig Dr Pepper stock opened at $27.91 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.40 and a current ratio of 0.62. The company has a market capitalization of $37.91 billion, a P/E ratio of 24.06, a PEG ratio of 1.75 and a beta of 0.43. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $36.12. The company’s fifty day moving average is $26.79 and its two-hundred day moving average is $30.46.

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

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio is currently 79.31%.

Analyst Ratings Changes

KDP has been the topic of several recent analyst reports. UBS Group reiterated a “buy” rating and issued a $35.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Citigroup dropped their target price on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. HSBC reissued a “hold” rating and issued a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. Bank of America dropped their price objective 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. Finally, Jefferies Financial Group set a $41.00 target price on Keurig Dr Pepper in a research report on Monday, August 25th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $35.27.

About Keurig Dr Pepper

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.