Cwm LLC Grows Position in Keurig Dr Pepper, Inc $KDP

Cwm LLC boosted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 89.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 79,755 shares of the company’s stock after purchasing an additional 37,580 shares during the period. Cwm LLC’s holdings in Keurig Dr Pepper were worth $2,637,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position 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 purchasing an additional 25,425,644 shares during the last quarter. JPMorgan Chase & Co. grew its position in 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 purchasing an additional 20,196,835 shares during the last quarter. Invesco Ltd. grew its position in Keurig Dr Pepper by 1.7% during the 1st quarter. Invesco Ltd. now owns 21,973,128 shares of the company’s stock worth $751,920,000 after purchasing an additional 367,518 shares during the last quarter. Northern Trust Corp grew its position in Keurig Dr Pepper by 0.8% during the 1st quarter. Northern Trust Corp now owns 13,712,677 shares of the company’s stock worth $469,248,000 after purchasing an additional 114,044 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Keurig Dr Pepper by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,284,995 shares of the company’s stock worth $351,927,000 after purchasing an additional 358,350 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on KDP. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, August 26th. HSBC restated a “hold” rating and set a $30.00 price objective (down from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Piper Sandler decreased their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. Hsbc Global Res cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.00.

Keurig Dr Pepper Stock Performance

KDP opened at $28.03 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. The firm has a fifty day moving average price of $28.74 and a 200 day moving average price of $31.98. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $37.27. The stock has a market cap of $38.08 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.55 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the previous year, the business posted $0.45 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. Equities research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s payout ratio is currently 82.14%.

Insider Activity

In related news, Director Robert James Gamgort sold 208,000 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $32.90, for a total value of $6,843,200.00. Following the completion of the sale, the director owned 2,292,169 shares of the company’s stock, valued at approximately $75,412,360.10. The trade was a 8.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 423,601 shares of company stock valued at $14,017,592. Insiders own 0.40% of the company’s stock.

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.