Thrivent Financial for Lutherans Has $55.81 Million Holdings in Keurig Dr Pepper, Inc $KDP

Thrivent Financial for Lutherans raised its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 83.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,187,889 shares of the company’s stock after purchasing an additional 994,642 shares during the quarter. Thrivent Financial for Lutherans owned 0.16% of Keurig Dr Pepper worth $55,813,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Asset Dedication LLC raised its position in Keurig Dr Pepper by 3.8% in the 2nd quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock valued at $262,000 after buying an additional 288 shares during the last quarter. Croban lifted its stake in Keurig Dr Pepper by 0.9% in the 2nd quarter. Croban now owns 31,849 shares of the company’s stock valued at $1,053,000 after acquiring an additional 294 shares in the last quarter. Auxier Asset Management boosted its position in Keurig Dr Pepper by 0.4% during the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after acquiring an additional 318 shares during the last quarter. Private Trust Co. NA grew its stake in shares of Keurig Dr Pepper by 26.4% during 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 in the last quarter. Finally, NewSquare Capital LLC grew its stake in shares of Keurig Dr Pepper by 94.1% during the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after acquiring an additional 386 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Angela A. Stephens sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the sale, the vice president owned 54,200 shares in the company, valued at approximately $1,599,984. This trade represents a 15.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

KDP has been the topic of a number of research reports. Piper Sandler boosted their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 15th. Barclays lifted their price target on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. UBS Group restated a “buy” rating and set a $35.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Wells Fargo & Company raised their price objective on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $34.87.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $27.44 on Monday. 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 capitalization of $37.28 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 1.89 and a beta of 0.34. The stock’s 50 day moving average price is $27.98 and its two-hundred day moving average price is $28.77. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. Keurig Dr Pepper’s dividend payout ratio is presently 79.31%.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.