Invesco Ltd. Acquires 367,518 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Invesco Ltd. increased its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 1.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 21,973,128 shares of the company’s stock after purchasing an additional 367,518 shares during the quarter. Invesco Ltd.’s holdings in Keurig Dr Pepper were worth $751,920,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. ST Germain D J Co. Inc. purchased a new stake in Keurig Dr Pepper in the 1st quarter valued at $27,000. Continuum Advisory LLC raised its holdings in shares of Keurig Dr Pepper by 82.5% in the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock valued at $46,000 after purchasing an additional 602 shares during the last quarter. Global Trust Asset Management LLC purchased a new position in Keurig Dr Pepper during the first quarter worth about $48,000. LRI Investments LLC boosted its holdings in Keurig Dr Pepper by 65.6% during the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company’s stock worth $49,000 after purchasing an additional 605 shares during the last quarter. Finally, Riverview Trust Co grew its position in Keurig Dr Pepper by 47.7% in the 1st quarter. Riverview Trust Co now owns 1,710 shares of the company’s stock worth $59,000 after purchasing an additional 552 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $34.42 on Friday. Keurig Dr Pepper, Inc has a 12-month low of $30.12 and a 12-month high of $38.28. The firm has a market capitalization of $46.76 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 2.51 and a beta of 0.45. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $33.31 and a 200 day moving average of $33.43.

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

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, June 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 82.14%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group reduced their target price on Keurig Dr Pepper from $42.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Hsbc Global Res raised Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. JPMorgan Chase & Co. lowered their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, July 17th. Argus initiated coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a “buy” rating and a $40.00 price target for the company. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.77.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $32.90, for a total value of $6,843,200.00. Following the sale, the director owned 2,292,169 shares of the company’s stock, valued at $75,412,360.10. The trade was a 8.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the transaction, the insider owned 82,511 shares of the company’s stock, valued at $2,777,320.26. This trade represents a 12.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 672,000 shares of company stock valued at $22,235,760 in the last three months. 0.40% of the stock is currently owned by corporate insiders.

About Keurig Dr Pepper

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.