Golden State Equity Partners Has $549,000 Holdings in Keurig Dr Pepper, Inc $KDP

Golden State Equity Partners increased its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 6.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,619 shares of the company’s stock after purchasing an additional 1,051 shares during the quarter. Golden State Equity Partners’ holdings in Keurig Dr Pepper were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the completion of the transaction, the director owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. The trade was a 8.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the transaction, the insider owned 82,511 shares in the company, valued at approximately $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 447,601 shares of company stock valued at $14,825,192 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on KDP shares. HSBC reaffirmed a “hold” rating and issued a $30.00 price target (down previously from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, August 26th. Jefferies Financial Group set a $41.00 price target on Keurig Dr Pepper in a report on Monday, August 25th. UBS Group lowered their price target on Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, August 27th. Finally, Hsbc Global Res downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Eleven analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.77.

Keurig Dr Pepper Trading Down 4.3%

NASDAQ:KDP opened at $25.95 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 $35.25 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 1.49 and a beta of 0.47. The firm has a fifty day simple moving average of $31.53 and a two-hundred day simple moving average of $32.98. Keurig Dr Pepper, Inc has a 12 month low of $25.92 and a 12 month high of $38.28.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.5%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 82.14%.

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.