Blair William & Co. IL Raises Stake in Keurig Dr Pepper, Inc $KDP

Blair William & Co. IL lifted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 46.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 12,201 shares of the company’s stock after buying an additional 3,861 shares during the quarter. Blair William & Co. IL’s holdings in Keurig Dr Pepper were worth $403,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Rise Advisors LLC purchased a new position in shares of Keurig Dr Pepper in the first quarter worth $25,000. Chung Wu Investment Group LLC purchased a new position in shares of Keurig Dr Pepper in the second quarter worth $26,000. WPG Advisers LLC purchased a new position in shares of Keurig Dr Pepper in the first quarter worth $43,000. Continuum Advisory LLC lifted its holdings in shares of Keurig Dr Pepper by 82.5% in the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock worth $46,000 after buying an additional 602 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new stake in Keurig Dr Pepper in the first quarter worth $68,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Barclays cut shares of Keurig Dr Pepper from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $39.00 to $26.00 in a research report on Wednesday, September 24th. Wells Fargo & Company reduced their price target on shares of Keurig Dr Pepper from $40.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. BNP Paribas cut shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Finally, UBS Group reduced their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, August 27th. Eleven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.00.

Insiders Place Their Bets

In related news, Director Robert James Gamgort sold 7,601 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the sale, the director directly owned 2,284,568 shares of the company’s stock, valued at $82,038,836.88. This represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 423,601 shares of company stock valued at $14,017,592 over the last ninety days. 0.40% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Up 1.1%

NASDAQ:KDP opened at $28.03 on Friday. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $37.27. The company has a 50-day moving average of $28.74 and a 200 day moving average of $32.00. The firm has a market cap of $38.08 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 1.53 and a beta of 0.43. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio is 82.14%.

About Keurig Dr Pepper

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.