Segall Bryant & Hamill LLC Invests $661,000 in Keurig Dr Pepper, Inc $KDP

Segall Bryant & Hamill LLC acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 1st quarter, HoldingsChannel reports. The fund acquired 23,907 shares of the company’s stock, valued at approximately $661,000.

Several other large investors have also recently added to or reduced their stakes in KDP. T. Rowe Price Investment Management Inc. acquired a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $727,667,000. Norges Bank acquired a new position in shares of Keurig Dr Pepper in the fourth quarter worth $568,361,000. Capital International Investors raised its stake in shares of Keurig Dr Pepper by 1,987.4% in the fourth quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock valued at $472,193,000 after acquiring an additional 16,050,437 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Keurig Dr Pepper by 37.0% in the fourth quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock valued at $1,596,664,000 after purchasing an additional 15,393,753 shares during the period. Finally, AQR Capital Management LLC grew its stake in Keurig Dr Pepper by 285.3% during the 4th quarter. AQR Capital Management LLC now owns 11,636,027 shares of the company’s stock worth $325,925,000 after purchasing an additional 8,615,869 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Down 1.1%

KDP stock opened at $30.75 on Thursday. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The company’s 50 day moving average is $31.18 and its two-hundred day moving average is $29.10. The stock has a market cap of $41.84 billion, a P/E ratio of 22.78, a PEG ratio of 1.42 and a beta of 0.40.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 68.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Sanford C. Bernstein set a $39.00 price target on Keurig Dr Pepper in a report on Wednesday, July 8th. Citigroup boosted their price objective on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus target price of $33.94.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.