MGO One Seven LLC Has $618,000 Stock Position in Keurig Dr Pepper, Inc $KDP

MGO One Seven LLC lifted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 4.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,685 shares of the company’s stock after buying an additional 777 shares during the quarter. MGO One Seven LLC’s holdings in Keurig Dr Pepper were worth $618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Keurig Dr Pepper by 21.3% during the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company’s stock worth $4,962,338,000 after buying an additional 25,425,644 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Keurig Dr Pepper by 108.1% during the first quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company’s stock worth $1,330,565,000 after buying an additional 20,196,835 shares in the last quarter. Invesco Ltd. raised its stake in Keurig Dr Pepper by 1.7% in the first quarter. Invesco Ltd. now owns 21,973,128 shares of the company’s stock valued at $751,920,000 after purchasing an additional 367,518 shares in the last quarter. Northern Trust Corp raised its stake in Keurig Dr Pepper by 0.8% in the first quarter. Northern Trust Corp now owns 13,712,677 shares of the company’s stock valued at $469,248,000 after purchasing an additional 114,044 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Keurig Dr Pepper by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 10,284,995 shares of the company’s stock valued at $351,927,000 after purchasing an additional 358,350 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 7,601 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the sale, the director directly owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 423,601 shares of company stock worth $14,017,592 in the last quarter. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on KDP shares. Wells Fargo & Company dropped their price target on Keurig Dr Pepper from $40.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. UBS Group dropped their price target on Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, August 27th. Barclays downgraded Keurig Dr Pepper from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $39.00 to $26.00 in a research note on Wednesday, September 24th. Piper Sandler dropped their price target on Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. Finally, JPMorgan Chase & Co. dropped their price target on Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, July 17th. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $35.00.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $28.03 on Friday. The stock has a market cap of $38.08 billion, a P/E ratio of 25.03, a price-to-earnings-growth ratio of 1.53 and a beta of 0.43. 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 stock’s 50-day moving average is $28.74 and its 200-day moving average is $32.00. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $37.27.

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

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s payout ratio is 82.14%.

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.