ABN Amro Investment Solutions Acquires Shares of 75,800 Keurig Dr Pepper, Inc $KDP

ABN Amro Investment Solutions acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 75,800 shares of the company’s stock, valued at approximately $2,506,000.

A number of other institutional investors have also recently made changes to their positions in KDP. Rise Advisors LLC purchased a new position in shares of Keurig Dr Pepper in the first quarter worth about $25,000. NewSquare Capital LLC increased its stake in Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the period. Chung Wu Investment Group LLC bought a new stake in Keurig Dr Pepper during the 2nd quarter valued at $26,000. WPG Advisers LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter worth about $43,000. Finally, Private Trust Co. NA boosted its holdings in Keurig Dr Pepper by 26.4% in the second quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock valued at $54,000 after acquiring an additional 339 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Activity

In related news, Director Robert James Gamgort sold 7,601 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total value of $272,951.91. Following the transaction, the director owned 2,284,568 shares of the company’s stock, valued at $82,038,836.88. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $27.13 on Friday. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $36.12. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.40 and a current ratio of 0.62. The stock’s fifty day moving average is $26.77 and its 200 day moving average is $30.92. The firm has a market capitalization of $36.86 billion, a PE ratio of 23.39, a PEG ratio of 1.75 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the firm posted $0.51 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KDP. Barclays raised their target price on Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. Piper Sandler cut their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. JPMorgan Chase & Co. decreased their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. TD Cowen reduced their price objective on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. Finally, Jefferies Financial Group set a $41.00 price objective on shares of Keurig Dr Pepper in a research report on Monday, August 25th. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Hold” and an average price target of $35.27.

About Keurig Dr Pepper

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.