ProShare Advisors LLC lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) by 7.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,578,334 shares of the company’s stock after buying an additional 104,443 shares during the quarter. ProShare Advisors LLC’s holdings in Keurig Dr Pepper were worth $47,887,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter valued at $4,697,645,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Keurig Dr Pepper during the second quarter valued at about $767,105,000. Dimensional Fund Advisors LP raised its holdings in shares of Keurig Dr Pepper by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 9,585,791 shares of the company’s stock valued at $252,408,000 after purchasing an additional 103,505 shares during the period. Bank of America Corp DE bought a new position in shares of Keurig Dr Pepper during the 2nd quarter worth about $281,503,000. Finally, Legal & General Group Plc bought a new position in shares of Keurig Dr Pepper during the 2nd quarter worth about $269,336,000. Institutional investors own 93.99% of the company’s stock.
Insider Buying and Selling
In other news, Director Aaron Alt acquired 7,862 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average price of $31.83 per share, with a total value of $250,247.46. Following the acquisition, the director owned 7,862 shares in the company, valued at $250,247.46. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $32.55, for a total value of $390,600.00. Following the completion of the sale, the insider owned 84,171 shares in the company, valued at $2,739,766.05. This represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is currently owned by insiders.
Keurig Dr Pepper Price Performance
Shares of NASDAQ KDP opened at $35.84 on Monday. The stock has a fifty day simple moving average of $32.44 and a two-hundred day simple moving average of $29.99. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $36.13. The firm has a market cap of $48.77 billion, a price-to-earnings ratio of 36.20, a price-to-earnings-growth ratio of 1.71 and a beta of 0.35. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74.
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%. The business’s revenue was up 75.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. Analysts anticipate that Keurig Dr Pepper, Inc will post 2.30 earnings per share for the current year.
Keurig Dr Pepper Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Monday, September 28th were paid a dividend of $0.23 per share. The ex-dividend date was Monday, September 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.6%. Keurig Dr Pepper’s dividend payout ratio is presently 92.93%.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Bank of America raised their target price on Keurig Dr Pepper from $35.00 to $38.00 in a research note on Friday, July 10th. Barclays raised their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. TD Cowen boosted their price objective on Keurig Dr Pepper from $31.00 to $33.00 in a report on Wednesday, July 8th. HSBC raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their target price for the stock from $37.00 to $40.00 in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. increased their target price on Keurig Dr Pepper from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.12.
Check Out Our Latest Report on Keurig Dr Pepper
Keurig Dr Pepper Profile
Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods.
The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.
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