Bowling Portfolio Management LLC purchased a new position in shares of Keurig Dr Pepper Inc (NYSE:KDP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 35,147 shares of the company’s stock, valued at approximately $814,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in KDP. TradeLink Capital LLC acquired a new position in Keurig Dr Pepper in the second quarter valued at about $2,806,000. Twin Tree Management LP acquired a new position in Keurig Dr Pepper in the second quarter valued at about $2,442,000. KCM Investment Advisors LLC acquired a new position in Keurig Dr Pepper in the second quarter valued at about $677,000. Marshall Wace LLP acquired a new position in Keurig Dr Pepper in the second quarter valued at about $3,746,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Keurig Dr Pepper in the second quarter valued at about $8,695,000. Institutional investors own 11.58% of the company’s stock.
Shares of NYSE:KDP opened at $24.08 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.75 and a current ratio of 0.93. The stock has a market cap of $33.44 billion, a price-to-earnings ratio of 5.30, a price-to-earnings-growth ratio of 1.39 and a beta of 0.74. Keurig Dr Pepper Inc has a 1 year low of $20.46 and a 1 year high of $126.65.
Keurig Dr Pepper (NYSE:KDP) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $1.01. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.85 billion. Keurig Dr Pepper had a net margin of 15.98% and a return on equity of 39.52%. Keurig Dr Pepper’s revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts anticipate that Keurig Dr Pepper Inc will post 1.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 5th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $0.60 dividend on an annualized basis and a yield of 2.49%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 13.22%.
In other news, insider Maria A. Sceppaguercio-Gever bought 49,638 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The shares were purchased at an average cost of $23.91 per share, for a total transaction of $1,186,844.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Herbert Derek Hopkins bought 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The shares were purchased at an average price of $22.94 per share, for a total transaction of $504,680.00. The disclosure for this purchase can be found here. Insiders have acquired 185,270 shares of company stock worth $4,338,850 over the last quarter. Insiders own 0.58% of the company’s stock.
A number of research analysts have commented on the stock. ValuEngine cut shares of Keurig Dr Pepper from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Macquarie set a $24.00 target price on shares of Keurig Dr Pepper and gave the company a “hold” rating in a research report on Friday, October 12th. Goldman Sachs Group began coverage on shares of Keurig Dr Pepper in a research note on Wednesday, July 18th. They set a “neutral” rating and a $26.00 price target on the stock. Stifel Nicolaus began coverage on shares of Keurig Dr Pepper in a research note on Wednesday, July 11th. They set a “hold” rating and a $20.00 price target on the stock. Finally, Bank of America set a $30.00 price target on shares of Keurig Dr Pepper and gave the stock a “buy” rating in a research note on Monday, July 16th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $25.38.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.
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