Blair William & Co. IL Acquires 3,861 Shares of Keurig Dr Pepper, Inc $KDP

Blair William & Co. IL raised its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 46.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,201 shares of the company’s stock after buying an additional 3,861 shares during the period. Blair William & Co. IL’s holdings in Keurig Dr Pepper were worth $403,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Commerce Bank boosted its position in Keurig Dr Pepper by 1.6% during the 1st quarter. Commerce Bank now owns 21,513 shares of the company’s stock valued at $736,000 after buying an additional 340 shares during the period. First American Bank boosted its position in Keurig Dr Pepper by 0.6% during the 1st quarter. First American Bank now owns 59,564 shares of the company’s stock valued at $2,038,000 after buying an additional 344 shares during the period. Allworth Financial LP boosted its position in Keurig Dr Pepper by 3.8% during the 1st quarter. Allworth Financial LP now owns 10,242 shares of the company’s stock valued at $353,000 after buying an additional 371 shares during the period. Raleigh Capital Management Inc. lifted its position in shares of Keurig Dr Pepper by 3.5% in the 2nd quarter. Raleigh Capital Management Inc. now owns 11,617 shares of the company’s stock worth $384,000 after purchasing an additional 395 shares during the period. Finally, Checchi Capital Advisers LLC lifted its position in shares of Keurig Dr Pepper by 4.2% in the 2nd quarter. Checchi Capital Advisers LLC now owns 9,885 shares of the company’s stock worth $327,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $28.03 on Friday. The company has a 50 day moving average price of $28.74 and a 200-day moving average price of $32.00. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $37.27. The firm has a market capitalization of $38.08 billion, a PE ratio of 25.03, a P/E/G ratio of 1.53 and a beta of 0.43. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $4.14 billion. During the same period in the previous year, the business posted $0.45 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 82.14%.

Insider Activity

In related news, Director Robert James Gamgort sold 208,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 2,292,169 shares of the company’s stock, valued at approximately $75,412,360.10. This trade represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 423,601 shares of company stock valued at $14,017,592 over the last quarter. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wells Fargo & Company dropped their target price on shares of Keurig Dr Pepper from $40.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 1st. BNP Paribas cut shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Finally, TD Cowen dropped their target price on shares of Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $35.00.

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.