Keurig Dr Pepper, Inc $KDP Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 9.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 159,257,574 shares of the company’s stock after buying an additional 14,244,768 shares during the quarter. Vanguard Group Inc. owned 0.12% of Keurig Dr Pepper worth $5,265,055,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rise Advisors LLC acquired a new position in shares of Keurig Dr Pepper in the 1st quarter valued at $25,000. Chung Wu Investment Group LLC acquired a new stake in Keurig Dr Pepper during the second quarter valued at $26,000. NewSquare Capital LLC increased its holdings in Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after buying an additional 386 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of Keurig Dr Pepper in the first quarter worth about $43,000. Finally, Private Trust Co. NA raised its position in shares of Keurig Dr Pepper by 26.4% in the second 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 period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Down 1.9%

KDP stock opened at $26.89 on Thursday. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12. The business’s 50-day moving average is $26.74 and its 200 day moving average is $30.75. 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 has a market cap of $36.53 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.75 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 earnings per share. On average, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders 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 dividend on an annualized basis and a yield of 3.4%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Piper Sandler dropped their target price on Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. HSBC reiterated a “hold” rating and set a $30.00 price target (down previously from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. The Goldman Sachs Group dropped their price objective on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, October 2nd. Wells Fargo & Company upped their target price on Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Finally, Hsbc Global Res lowered Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Ten equities 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’s stock. According to MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Hold” and an average price target of $35.27.

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.