True Vision MN LLC Makes New $389,000 Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

True Vision MN LLC purchased a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,585 shares of the company’s stock, valued at approximately $389,000.

Several other institutional investors have also added to or reduced their stakes in KDP. Principal Securities Inc. bought a new position in Keurig Dr Pepper in the fourth quarter worth approximately $72,000. Dimensional Fund Advisors LP increased its stake in shares of Keurig Dr Pepper by 17.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,380,990 shares of the company’s stock worth $112,656,000 after purchasing an additional 503,479 shares in the last quarter. Norges Bank purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter worth $317,979,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Keurig Dr Pepper by 62.2% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 50,201 shares of the company’s stock worth $1,673,000 after purchasing an additional 19,260 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Keurig Dr Pepper by 21.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 182,813 shares of the company’s stock worth $6,091,000 after purchasing an additional 32,703 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KDP shares. Barclays reduced their price objective on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. JPMorgan Chase & Co. reduced their price objective on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. BNP Paribas started coverage on shares of Keurig Dr Pepper in a research note on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Finally, Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.50.

Keurig Dr Pepper Price Performance

KDP stock opened at $37.50 on Wednesday. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $37.84. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $35.06 and a two-hundred day simple moving average of $33.32. The firm has a market capitalization of $50.83 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 2.79 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the business earned $0.42 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, September 27th. This represents a $0.92 annualized dividend and a yield of 2.45%. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio (DPR) is 59.35%.

Keurig Dr Pepper Company 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.