Commerzbank Aktiengesellschaft FI Makes New Investment in Keurig Dr Pepper, Inc $KDP

Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 79,469 shares of the company’s stock, valued at approximately $2,601,000.

Other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in Keurig Dr Pepper by 290.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock valued at $1,475,000 after acquiring an additional 39,156 shares in the last quarter. Merit Financial Group LLC increased its stake in Keurig Dr Pepper by 194.6% in the fourth quarter. Merit Financial Group LLC now owns 87,054 shares of the company’s stock valued at $2,438,000 after acquiring an additional 57,500 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Keurig Dr Pepper by 47.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock valued at $5,030,000 after purchasing an additional 57,797 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Keurig Dr Pepper by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company’s stock worth $43,489,000 after acquiring an additional 47,184 shares in the last quarter. Finally, M&T Bank Corp raised its position in Keurig Dr Pepper by 4,366.8% in the 4th quarter. M&T Bank Corp now owns 1,370,428 shares of the company’s stock worth $38,386,000 after purchasing an additional 1,339,748 shares during the period. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Down 3.7%

Shares of Keurig Dr Pepper stock opened at $30.28 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94. The company has a fifty day moving average of $31.16 and a 200 day moving average of $29.25. The company has a market capitalization of $41.21 billion, a P/E ratio of 30.59, a P/E/G ratio of 1.40 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same period last year, the company posted $0.49 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 75.6% on a year-over-year basis. On average, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio is 92.93%.

Analyst Ratings Changes

Several brokerages recently commented on KDP. Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Barclays increased their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Wells Fargo & Company set a $37.00 price target on shares of Keurig Dr Pepper in a research report on Wednesday, July 1st. The Goldman Sachs Group upgraded Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus target price of $34.75.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.