Keurig Dr Pepper, Inc $KDP Stock Bought by ProShare Advisors LLC

ProShare Advisors LLC raised its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 7.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,578,334 shares of the company’s stock after purchasing an additional 104,443 shares during the period. ProShare Advisors LLC owned approximately 0.12% of Keurig Dr Pepper worth $47,887,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Community Bank N.A. acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at approximately $29,000. Meeder Asset Management Inc. boosted its stake in shares of Keurig Dr Pepper by 358.0% in the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 759 shares during the period. Fortitude Family Office LLC grew its position in Keurig Dr Pepper by 216.2% during the third quarter. Fortitude Family Office LLC now owns 1,565 shares of the company’s stock worth $47,000 after buying an additional 1,070 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Keurig Dr Pepper during the third quarter worth approximately $54,000. Finally, Mather Group LLC. increased its stake in Keurig Dr Pepper by 54.9% during the 3rd quarter. Mather Group LLC. now owns 1,816 shares of the company’s stock worth $55,000 after acquiring an additional 644 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analysts Set New Price Targets

KDP has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on Keurig Dr Pepper from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on Keurig Dr Pepper from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Friday, August 7th. UBS Group upped their price objective on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. TD Cowen increased their price objective on shares of Keurig Dr Pepper from $31.00 to $33.00 in a research note on Wednesday, July 8th. Finally, BNP Paribas Exane increased their price objective on shares of Keurig Dr Pepper from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.12.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $35.84 on Monday. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $36.13. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The firm has a market capitalization of $48.77 billion, a P/E ratio of 36.20, a P/E/G ratio of 1.71 and a beta of 0.35. The company’s 50 day moving average price is $32.44 and its two-hundred day moving average price is $29.99.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data 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 return on equity of 10.80% and a net margin of 7.10%. The company had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter last year, the business posted $0.49 EPS. Keurig Dr Pepper’s revenue for the quarter was up 75.6% on a year-over-year basis. On average, equities analysts forecast that Keurig Dr Pepper, Inc will post 2.30 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Monday, September 28th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, September 28th. Keurig Dr Pepper’s payout ratio is presently 92.93%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $32.55, for a total value of $390,600.00. Following the completion of the transaction, the insider directly owned 84,171 shares in the company, valued at approximately $2,739,766.05. This represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Angela Stephens sold 9,500 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total value of $310,650.00. Following the completion of the sale, the vice president owned 55,786 shares of the company’s stock, valued at $1,824,202.20. The trade was a 14.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.34% of the company’s stock.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods.

The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.