Epoch Investment Partners Inc. Acquires Shares of 407,456 Keurig Dr Pepper, Inc $KDP

Epoch Investment Partners Inc. bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 407,456 shares of the company’s stock, valued at approximately $13,470,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Veltria Advisors Corp. increased its position in Keurig Dr Pepper by 35.2% in the 2nd quarter. Veltria Advisors Corp. now owns 9,028 shares of the company’s stock valued at $298,000 after acquiring an additional 2,349 shares during the period. First Trust Advisors LP increased its holdings in shares of Keurig Dr Pepper by 3.7% in the second quarter. First Trust Advisors LP now owns 2,489,053 shares of the company’s stock valued at $82,288,000 after purchasing an additional 88,081 shares during the period. Guggenheim Capital LLC increased its holdings in shares of Keurig Dr Pepper by 27.8% in the second quarter. Guggenheim Capital LLC now owns 545,716 shares of the company’s stock valued at $18,041,000 after purchasing an additional 118,761 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Keurig Dr Pepper by 165.0% during the second quarter. EverSource Wealth Advisors LLC now owns 10,364 shares of the company’s stock worth $343,000 after purchasing an additional 6,453 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Keurig Dr Pepper by 43.2% during the second quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock worth $1,040,320,000 after purchasing an additional 9,494,503 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on KDP. Barclays boosted their price objective on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. Hsbc Global Res lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Friday, October 31st. HSBC reaffirmed a “hold” rating and issued a $30.00 price objective (down previously from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. Finally, UBS Group reissued a “buy” rating and set a $35.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $35.27.

Keurig Dr Pepper Trading Up 0.4%

Shares of KDP opened at $28.69 on Friday. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $36.12. The company has a current ratio of 0.62, a quick ratio of 0.38 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $38.98 billion, a P/E ratio of 24.73, a PEG ratio of 1.84 and a beta of 0.35. The firm’s 50-day moving average is $27.03 and its two-hundred day moving average is $30.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. On average, research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s payout ratio is presently 79.31%.

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.