First Allied Advisory Services Inc. purchased a new position in Keurig Dr Pepper Inc (NYSE:KDP) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 8,674 shares of the company’s stock, valued at approximately $241,000.
Several other large investors also recently bought and sold shares of KDP. Vanguard Group Inc bought a new position in shares of Keurig Dr Pepper in the 3rd quarter worth $388,634,000. Bank of America Corp DE boosted its position in shares of Keurig Dr Pepper by 2,892.9% in the 4th quarter. Bank of America Corp DE now owns 10,570,613 shares of the company’s stock worth $271,031,000 after purchasing an additional 10,217,429 shares during the last quarter. FMR LLC boosted its position in shares of Keurig Dr Pepper by 39.2% in the 4th quarter. FMR LLC now owns 27,592,939 shares of the company’s stock worth $707,483,000 after purchasing an additional 7,777,020 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Keurig Dr Pepper in the 3rd quarter worth $135,460,000. Finally, Norges Bank bought a new position in shares of Keurig Dr Pepper in the 4th quarter worth $36,626,000. Institutional investors and hedge funds own 13.34% of the company’s stock.
KDP has been the topic of several recent research reports. ValuEngine upgraded Keurig Dr Pepper from a “strong sell” rating to a “sell” rating in a research report on Monday, February 4th. Barclays restated a “buy” rating and issued a $31.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, March 19th. Morgan Stanley lowered Keurig Dr Pepper from an “equal weight” rating to an “underweight” rating and set a $27.30 price target on the stock. in a research report on Thursday, April 11th. Finally, BMO Capital Markets raised their price target on Keurig Dr Pepper from $25.00 to $27.00 and gave the stock a “market perform” rating in a research report on Friday, May 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $28.32.
KDP stock opened at $29.21 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.23 and a current ratio of 0.32. The stock has a market cap of $41.09 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 1.55 and a beta of 0.47. Keurig Dr Pepper Inc has a 1-year low of $20.46 and a 1-year high of $124.36.
Keurig Dr Pepper (NYSE:KDP) last posted its earnings results on Thursday, May 9th. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.54 billion. Keurig Dr Pepper had a return on equity of 8.95% and a net margin of 9.39%. The firm’s quarterly revenue was up 164.1% on a year-over-year basis. Analysts predict that Keurig Dr Pepper Inc will post 1.22 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.05%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 57.69%.
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Keurig Dr Pepper Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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