Evelyn Partners Investment Management Services Ltd Buys 5,091 Shares of Keurig Dr Pepper, Inc $KDP

Evelyn Partners Investment Management Services Ltd lifted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 283.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,884 shares of the company’s stock after acquiring an additional 5,091 shares during the period. Evelyn Partners Investment Management Services Ltd’s holdings in Keurig Dr Pepper were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Rise Advisors LLC bought a new stake in shares of Keurig Dr Pepper in the 1st quarter worth $25,000. Chung Wu Investment Group LLC purchased a new stake in shares of Keurig Dr Pepper during the second quarter valued at $26,000. NewSquare Capital LLC increased its holdings in Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after buying an additional 386 shares in the last quarter. WPG Advisers LLC purchased a new position in Keurig Dr Pepper in the 1st quarter worth about $43,000. Finally, Private Trust Co. NA lifted its stake in Keurig Dr Pepper by 26.4% during the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock valued at $54,000 after acquiring an additional 339 shares during the period. 93.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Hsbc Global Res cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. JPMorgan Chase & Co. decreased their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday, October 20th. BNP Paribas Exane cut Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Piper Sandler cut their price objective on Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, August 26th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Hold” and a consensus price target of $35.27.

Keurig Dr Pepper Trading Up 1.9%

Shares of KDP stock opened at $27.74 on Friday. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $36.12. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.40 and a current ratio of 0.62. The firm has a market capitalization of $37.69 billion, a PE ratio of 23.91, a PEG ratio of 1.75 and a beta of 0.43. The stock has a fifty day simple moving average of $26.74 and a two-hundred day simple moving average of $30.68.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 earnings per share. On average, analysts predict 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 was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio is presently 79.31%.

Keurig Dr Pepper 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.