Quilter Plc Purchases 6,430 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Quilter Plc increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 80.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 14,399 shares of the company’s stock after purchasing an additional 6,430 shares during the period. Quilter Plc’s holdings in Keurig Dr Pepper were worth $481,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Private Advisor Group LLC increased its holdings in shares of Keurig Dr Pepper by 80.0% in the fourth quarter. Private Advisor Group LLC now owns 16,090 shares of the company’s stock valued at $536,000 after purchasing an additional 7,149 shares during the last quarter. Principal Securities Inc. bought a new position in Keurig Dr Pepper in the 4th quarter valued at about $72,000. Dimensional Fund Advisors LP lifted its position in Keurig Dr Pepper by 17.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,380,990 shares of the company’s stock worth $112,656,000 after acquiring an additional 503,479 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Keurig Dr Pepper by 15.1% during the fourth quarter. Quadrant Capital Group LLC now owns 6,530 shares of the company’s stock worth $218,000 after acquiring an additional 856 shares during the period. Finally, Kentucky Retirement Systems boosted its holdings in shares of Keurig Dr Pepper by 0.4% during the fourth quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock worth $2,684,000 after acquiring an additional 344 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and lifted their price target for the stock from $27.00 to $34.00 in a report on Monday, June 17th. JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Barclays lowered their price target on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. BNP Paribas started coverage on shares of Keurig Dr Pepper in a report on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective for the company. Finally, Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.50.

Keurig Dr Pepper Stock Up 1.5 %

NASDAQ KDP opened at $37.61 on Monday. The business has a fifty day moving average price of $34.85 and a two-hundred day moving average price of $33.21. The stock has a market capitalization of $50.98 billion, a PE ratio of 24.26, a PEG ratio of 2.79 and a beta of 0.62. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $37.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.91 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. Keurig Dr Pepper’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 EPS. Equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a $0.23 dividend. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 59.35%.

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.