Keurig Dr Pepper, Inc $KDP Stake Lifted by Profund Advisors LLC

Profund Advisors LLC lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 10.1% during the second quarter, Holdings Channel.com reports. The fund owned 118,682 shares of the company’s stock after purchasing an additional 10,865 shares during the period. Profund Advisors LLC’s holdings in Keurig Dr Pepper were worth $3,924,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KDP. Rise Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the first quarter valued at $25,000. Chung Wu Investment Group LLC purchased a new stake in Keurig Dr Pepper in the 2nd quarter worth about $26,000. NewSquare Capital LLC increased its holdings in shares of Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after purchasing an additional 386 shares during the period. WPG Advisers LLC purchased a new position in Keurig Dr Pepper during the first quarter valued at approximately $43,000. Finally, Private Trust Co. NA increased its stake in 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 buying an additional 339 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on KDP. Bank of America decreased their target price on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Wells Fargo & Company increased their price objective on Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Friday, October 31st. Cowen reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 1st. Finally, UBS Group reissued a “buy” rating and issued a $35.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $35.27.

Insiders Place Their Bets

In other news, Director Robert James Gamgort sold 7,601 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total transaction of $272,951.91. Following the transaction, the director directly owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Stock Down 1.5%

Shares of KDP stock opened at $25.96 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.40. The stock has a fifty day moving average price of $26.99 and a 200 day moving average price of $31.14. The stock 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. Keurig Dr Pepper, Inc has a one year low of $25.03 and a one year high of $36.12.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a $0.23 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 79.31%.

Keurig Dr Pepper Company 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.