First Horizon Advisors Inc. Increases Holdings in Keurig Dr Pepper, Inc $KDP

First Horizon Advisors Inc. raised its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 35.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,022 shares of the company’s stock after purchasing an additional 2,383 shares during the period. First Horizon Advisors Inc.’s holdings in Keurig Dr Pepper were worth $298,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. NewSquare Capital LLC increased its position in Keurig Dr Pepper by 94.1% during the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after purchasing an additional 386 shares during the period. Huntington National Bank boosted its stake in shares of Keurig Dr Pepper by 8.2% during the 2nd quarter. Huntington National Bank now owns 6,094 shares of the company’s stock valued at $201,000 after purchasing an additional 463 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Keurig Dr Pepper by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 7,703,984 shares of the company’s stock valued at $254,694,000 after buying an additional 142,765 shares during the period. Machina Capital S.A.S. raised its stake in Keurig Dr Pepper by 5.3% in the second quarter. Machina Capital S.A.S. now owns 83,643 shares of the company’s stock worth $2,765,000 after buying an additional 4,181 shares in the last quarter. Finally, State of Michigan Retirement System raised its stake in Keurig Dr Pepper by 14.0% in the second quarter. State of Michigan Retirement System now owns 369,300 shares of the company’s stock worth $12,209,000 after buying an additional 45,400 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on KDP shares. Barclays upped their target price on Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Cowen reiterated a “hold” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 1st. BNP Paribas Exane lowered Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. The Goldman Sachs Group reduced their target price on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Finally, Citigroup lowered their price target on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given 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 $35.27.

Insider Buying and Selling at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 7,601 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the transaction, the director directly owned 2,284,568 shares in the company, valued at $82,038,836.88. The trade was a 0.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by company insiders.

Keurig Dr Pepper Trading Down 1.5%

NASDAQ KDP opened at $25.96 on Friday. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12. The company has a current ratio of 0.62, a quick ratio of 0.40 and a debt-to-equity ratio of 0.53. The stock’s fifty day moving average price is $26.99 and its 200-day moving average price is $31.20. The stock has a market cap of $35.27 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.75 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the business posted $0.51 EPS. Keurig Dr Pepper’s revenue was up 10.7% compared to the same quarter last year. As a group, equities analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal 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. The ex-dividend date was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. Keurig Dr Pepper’s dividend payout ratio is presently 79.31%.

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.