OLD Mission Capital LLC acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 82,608 shares of the company’s stock, valued at approximately $2,911,000.
Several other hedge funds have also made changes to their positions in the company. Zions Bancorporation N.A. increased its position in shares of Keurig Dr Pepper by 1,156.7% during the 1st quarter. Zions Bancorporation N.A. now owns 842 shares of the company’s stock worth $29,000 after purchasing an additional 775 shares in the last quarter. Parisi Gray Wealth Management acquired a new stake in shares of Keurig Dr Pepper during the 2nd quarter worth about $29,000. Berman Capital Advisors LLC grew its holdings in Keurig Dr Pepper by 314.9% during the 2nd quarter. Berman Capital Advisors LLC now owns 1,195 shares of the company’s stock worth $42,000 after acquiring an additional 907 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Keurig Dr Pepper by 16.4% during the 1st quarter. Quadrant Capital Group LLC now owns 2,652 shares of the company’s stock worth $91,000 after acquiring an additional 373 shares during the last quarter. Finally, Eukles Asset Management bought a new stake in Keurig Dr Pepper during the 2nd quarter worth about $92,000. Institutional investors own 46.97% of the company’s stock.
Several brokerages have recently issued reports on KDP. Deutsche Bank Aktiengesellschaft raised their target price on shares of Keurig Dr Pepper from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Monday, September 20th. TheStreet raised shares of Keurig Dr Pepper from a “d” rating to a “b-” rating in a research note on Thursday, July 29th. Finally, Wells Fargo & Company raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $36.00 to $42.00 in a research note on Tuesday, June 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $37.67.
Keurig Dr Pepper stock opened at $36.09 on Thursday. The stock has a market capitalization of $51.16 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 2.48 and a beta of 0.69. Keurig Dr Pepper Inc. has a 52-week low of $26.67 and a 52-week high of $37.11. The stock’s 50 day moving average price is $34.72 and its two-hundred day moving average price is $35.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.25 and a current ratio of 0.38.
Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. Keurig Dr Pepper had a return on equity of 8.91% and a net margin of 13.49%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.07 billion. On average, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.61 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Friday, October 1st will be paid a $0.1875 dividend. The ex-dividend date is Thursday, September 30th. This represents a $0.75 dividend on an annualized basis and a yield of 2.08%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 53.57%.
Keurig Dr Pepper declared that its board has authorized a share buyback plan on Friday, October 1st that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the company to buy up to 8.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper, Inc engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes manufacture and distribution of finished goods relating to coffee, pods, and brewers.
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