Fulton Bank N.A. Raises Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Fulton Bank N.A. lifted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDPGet Rating) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,320 shares of the company’s stock after buying an additional 597 shares during the period. Fulton Bank N.A.’s holdings in Keurig Dr Pepper were worth $507,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Commerce Bank increased its stake in Keurig Dr Pepper by 2.9% in the 1st quarter. Commerce Bank now owns 18,957 shares of the company’s stock valued at $718,000 after purchasing an additional 530 shares in the last quarter. Cerity Partners LLC increased its stake in Keurig Dr Pepper by 57.3% in the 1st quarter. Cerity Partners LLC now owns 9,613 shares of the company’s stock valued at $364,000 after purchasing an additional 3,502 shares in the last quarter. HighTower Advisors LLC increased its stake in Keurig Dr Pepper by 64.5% in the 4th quarter. HighTower Advisors LLC now owns 43,126 shares of the company’s stock valued at $1,591,000 after purchasing an additional 16,915 shares in the last quarter. Signaturefd LLC increased its stake in Keurig Dr Pepper by 25.2% in the 1st quarter. Signaturefd LLC now owns 8,324 shares of the company’s stock valued at $315,000 after purchasing an additional 1,678 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Keurig Dr Pepper by 39.1% in the 1st quarter. Quadrant Capital Group LLC now owns 5,225 shares of the company’s stock valued at $198,000 after purchasing an additional 1,468 shares in the last quarter. 52.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Herbert Derek Hopkins sold 37,500 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $35.55, for a total value of $1,333,125.00. Following the transaction, the insider now directly owns 174,610 shares of the company’s stock, valued at $6,207,385.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Keurig Dr Pepper news, insider Herbert Derek Hopkins sold 37,500 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $35.55, for a total value of $1,333,125.00. Following the transaction, the insider now directly owns 174,610 shares of the company’s stock, valued at $6,207,385.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Maurice Anthony Milikin acquired 12,979 shares of the business’s stock in a transaction on Tuesday, July 5th. The stock was bought at an average cost of $35.96 per share, for a total transaction of $466,724.84. Following the completion of the transaction, the insider now directly owns 25,958 shares of the company’s stock, valued at $933,449.68. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 129,797 shares of company stock worth $4,895,432 and have sold 316,000 shares worth $12,102,475. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on KDP shares. JPMorgan Chase & Co. dropped their price objective on Keurig Dr Pepper from $44.00 to $42.00 in a research note on Wednesday, July 20th. UBS Group increased their target price on Keurig Dr Pepper from $38.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, August 1st. Finally, StockNews.com upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating in a report on Monday, July 18th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.17.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $37.17 on Friday. Keurig Dr Pepper Inc. has a twelve month low of $32.44 and a twelve month high of $41.31. The stock has a market capitalization of $52.64 billion, a P/E ratio of 24.45, a PEG ratio of 3.16 and a beta of 0.61. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average price is $38.79 and its 200 day moving average price is $36.78.

Keurig Dr Pepper (NASDAQ:KDPGet Rating) last issued its earnings results on Thursday, July 28th. The company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Keurig Dr Pepper had a return on equity of 9.15% and a net margin of 16.39%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter last year, the firm earned $0.38 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.69 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.15%. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.19. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 49.34%.

Keurig Dr Pepper Company Profile

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Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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