Aviva PLC Purchases 155,212 Shares of Keurig Dr Pepper, Inc $KDP

Aviva PLC boosted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 19.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 963,862 shares of the company’s stock after purchasing an additional 155,212 shares during the quarter. Aviva PLC’s holdings in Keurig Dr Pepper were worth $31,865,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Croban raised its position in shares of Keurig Dr Pepper by 0.9% in the second quarter. Croban now owns 31,849 shares of the company’s stock worth $1,053,000 after buying an additional 294 shares in the last quarter. Private Trust Co. NA increased its stake in Keurig Dr Pepper by 26.4% in the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock worth $54,000 after acquiring an additional 339 shares during the last quarter. Commerce Bank raised its holdings in shares of Keurig Dr Pepper by 1.6% in the 1st quarter. Commerce Bank now owns 21,513 shares of the company’s stock valued at $736,000 after acquiring an additional 340 shares in the last quarter. Allworth Financial LP boosted its position in shares of 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 acquiring an additional 371 shares during the last quarter. Finally, NewSquare Capital LLC grew its holdings in shares of Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Cowen reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 1st. Piper Sandler decreased their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. Citigroup dropped their price objective on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. UBS Group reissued a “buy” rating and issued a $35.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. lowered their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.27.

Insider Activity at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 7,601 shares of Keurig Dr Pepper stock in a transaction 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 transaction, the director directly owned 2,284,568 shares of the company’s stock, valued at $82,038,836.88. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by insiders.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $25.96 on Monday. The company has a 50-day simple moving average of $26.99 and a two-hundred day simple moving average of $31.14. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12. The firm has a market cap of $35.27 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 1.75 and a beta of 0.43. The company has a quick ratio of 0.40, a current ratio of 0.62 and a debt-to-equity ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the company posted $0.51 EPS. Keurig Dr Pepper’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a $0.23 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.5%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 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.