Aristides Capital LLC Purchases New Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Aristides Capital LLC acquired a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDPFree Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,000 shares of the company’s stock, valued at approximately $501,000.

A number of other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in Keurig Dr Pepper by 15.5% during the 4th quarter. California State Teachers Retirement System now owns 1,739,098 shares of the company’s stock worth $57,947,000 after buying an additional 233,702 shares during the period. KBC Group NV grew its stake in shares of Keurig Dr Pepper by 0.7% in the fourth quarter. KBC Group NV now owns 276,157 shares of the company’s stock valued at $9,202,000 after buying an additional 1,984 shares in the last quarter. NEOS Investment Management LLC increased its holdings in Keurig Dr Pepper by 4.4% during the fourth quarter. NEOS Investment Management LLC now owns 59,738 shares of the company’s stock worth $1,990,000 after buying an additional 2,524 shares during the last quarter. CIBC Asset Management Inc raised its position in Keurig Dr Pepper by 0.9% during the fourth quarter. CIBC Asset Management Inc now owns 335,122 shares of the company’s stock worth $11,166,000 after acquiring an additional 3,104 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its stake in Keurig Dr Pepper by 26.9% in the fourth quarter. Rafferty Asset Management LLC now owns 416,543 shares of the company’s stock valued at $13,879,000 after acquiring an additional 88,421 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Up 0.2 %

KDP stock opened at $37.48 on Tuesday. The stock’s 50 day moving average is $35.94 and its 200-day moving average is $33.86. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $38.28. The firm has a market capitalization of $50.81 billion, a PE ratio of 24.18, a P/E/G ratio of 2.86 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last posted its earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. Sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a dividend of $0.23 per share. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is currently 59.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KDP shares. Citigroup upgraded Keurig Dr Pepper from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $36.00 to $43.00 in a report on Monday, September 23rd. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. cut their price objective on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $41.00 target price on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Finally, Barclays dropped their price target on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus price target of $37.53.

Get Our Latest Analysis on KDP

Keurig Dr Pepper Profile

(Free Report)

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.

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

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