Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDPGet Rating) by 83.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,440 shares of the company’s stock after buying an additional 33,375 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Keurig Dr Pepper were worth $2,599,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in KDP. Allianz Asset Management GmbH grew its holdings in shares of Keurig Dr Pepper by 1.1% during the fourth quarter. Allianz Asset Management GmbH now owns 30,327 shares of the company’s stock worth $1,118,000 after purchasing an additional 327 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Keurig Dr Pepper by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,032,694 shares of the company’s stock worth $74,926,000 after purchasing an additional 74,380 shares during the last quarter. American International Group Inc. grew its holdings in shares of Keurig Dr Pepper by 2.9% during the fourth quarter. American International Group Inc. now owns 91,348 shares of the company’s stock worth $3,367,000 after purchasing an additional 2,557 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Keurig Dr Pepper by 14.2% during the fourth quarter. Invesco Ltd. now owns 1,860,119 shares of the company’s stock worth $68,562,000 after purchasing an additional 231,211 shares during the last quarter. Finally, Gotham Asset Management LLC grew its holdings in shares of Keurig Dr Pepper by 180.4% during the fourth quarter. Gotham Asset Management LLC now owns 23,321 shares of the company’s stock worth $860,000 after buying an additional 15,003 shares during the last quarter. Hedge funds and other institutional investors own 52.29% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $37.11 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The company has a market cap of $52.55 billion, a P/E ratio of 24.41, a PEG ratio of 3.17 and a beta of 0.61. Keurig Dr Pepper Inc. has a 52 week low of $32.44 and a 52 week high of $41.31. The company has a 50-day moving average price of $38.72 and a 200 day moving average price of $36.85.

Keurig Dr Pepper (NASDAQ:KDPGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.38 billion. Keurig Dr Pepper had a net margin of 16.39% and a return on equity of 9.15%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share. Research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a $0.20 dividend. The ex-dividend date is Thursday, September 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.16%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.19. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 49.34%.

Insider Activity

In other news, Director Robert S. Singer sold 3,500 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $38.60, for a total transaction of $135,100.00. Following the completion of the sale, the director now directly owns 27,001 shares in the company, valued at approximately $1,042,238.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Robert S. Singer sold 3,500 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $38.60, for a total transaction of $135,100.00. Following the completion of the sale, the director now directly owns 27,001 shares in the company, valued at approximately $1,042,238.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Robert James Gamgort sold 275,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $38.67, for a total transaction of $10,634,250.00. Following the sale, the chairman now owns 4,253,186 shares of the company’s stock, valued at $164,470,702.62. The disclosure for this sale can be found here. In the last three months, insiders purchased 129,797 shares of company stock worth $4,895,432 and sold 316,000 shares worth $12,102,475. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on KDP shares. StockNews.com raised Keurig Dr Pepper from a “hold” rating to a “buy” rating in a report on Monday, July 18th. JPMorgan Chase & Co. lowered their price target on Keurig Dr Pepper from $44.00 to $42.00 in a report on Wednesday, July 20th. Finally, UBS Group raised their price target on Keurig Dr Pepper from $38.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, August 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

About Keurig Dr Pepper

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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.

Further Reading

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

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