Cidel Asset Management Inc. Purchases Shares of 6,077 Keurig Dr Pepper, Inc $KDP

Cidel Asset Management Inc. acquired a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,077 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Keurig Dr Pepper by 21.3% during the 1st quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company’s stock worth $4,962,338,000 after acquiring an additional 25,425,644 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Keurig Dr Pepper by 108.1% during the 1st quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company’s stock worth $1,330,565,000 after acquiring an additional 20,196,835 shares during the period. Invesco Ltd. lifted its holdings in shares of Keurig Dr Pepper by 1.7% during the 1st quarter. Invesco Ltd. now owns 21,973,128 shares of the company’s stock worth $751,920,000 after acquiring an additional 367,518 shares during the period. Northern Trust Corp lifted its holdings in shares of Keurig Dr Pepper by 0.8% during the 1st quarter. Northern Trust Corp now owns 13,712,677 shares of the company’s stock worth $469,248,000 after acquiring an additional 114,044 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Keurig Dr Pepper by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,284,995 shares of the company’s stock worth $351,927,000 after acquiring an additional 358,350 shares during the period. 93.99% of the stock is owned by institutional investors.

Insider Activity at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 7,601 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the sale, the director 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 filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 423,601 shares of company stock worth $14,017,592. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Trading Down 1.0%

KDP opened at $27.75 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $37.70 billion, a PE ratio of 24.78, a PEG ratio of 1.55 and a beta of 0.43. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $37.27. The firm has a 50-day moving average price of $28.60 and a two-hundred day moving average price of $31.91.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. As a group, equities analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 82.14%.

Analysts Set New Price Targets

A number of research firms have recently commented on KDP. Jefferies Financial Group set a $41.00 price objective on shares of Keurig Dr Pepper in a report on Monday, August 25th. Citigroup cut 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 report on Tuesday, September 16th. TD Cowen cut their price target on shares of Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. The Goldman Sachs Group cut their price target on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, October 2nd. Finally, UBS Group cut their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, August 27th. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.87.

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.