Ethic Inc. Boosts Stock Position in Keurig Dr Pepper, Inc $KDP

Ethic Inc. grew its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,494 shares of the company’s stock after buying an additional 5,904 shares during the period. Ethic Inc.’s holdings in Keurig Dr Pepper were worth $6,619,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in Keurig Dr Pepper by 23.2% in the 1st quarter. GAMMA Investing LLC now owns 9,963 shares of the company’s stock worth $341,000 after purchasing an additional 1,879 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Keurig Dr Pepper by 47.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,689 shares of the company’s stock worth $1,290,000 after purchasing an additional 12,157 shares in the last quarter. Continuum Advisory LLC lifted its holdings in Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock worth $46,000 after purchasing an additional 602 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Keurig Dr Pepper by 656.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 205,556 shares of the company’s stock worth $7,034,000 after purchasing an additional 178,368 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in Keurig Dr Pepper by 189.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 36,046 shares of the company’s stock worth $1,233,000 after purchasing an additional 23,602 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $27.39 on Thursday. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $36.95. The stock has a market capitalization of $37.21 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 1.53 and a beta of 0.43. The stock has a fifty day simple moving average of $28.31 and a two-hundred day simple moving average of $31.85. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share 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 business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the prior year, the business earned $0.45 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio is 82.14%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Jefferies Financial Group set a $41.00 price target on Keurig Dr Pepper in a report on Monday, August 25th. BNP Paribas downgraded Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Wells Fargo & Company cut their price objective on Keurig Dr Pepper from $40.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Bank of America cut their price objective on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Finally, TD Cowen cut their price objective on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Eleven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.87.

Insider Buying and Selling at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 7,601 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the sale, the director directly owned 2,284,568 shares in the company, valued at $82,038,836.88. This represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders sold 423,601 shares of company stock worth $14,017,592. Corporate insiders own 0.40% of the company’s stock.

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.