Keurig Dr Pepper, Inc $KDP Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership trimmed its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,029,004 shares of the company’s stock after selling 512,997 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.30% of Keurig Dr Pepper worth $133,199,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amundi boosted its position in Keurig Dr Pepper by 7.7% in the 1st quarter. Amundi now owns 4,404,145 shares of the company’s stock valued at $156,920,000 after buying an additional 315,290 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its stake in shares of Keurig Dr Pepper by 61.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 60,630 shares of the company’s stock worth $2,075,000 after buying an additional 23,167 shares during the last quarter. Truist Financial Corp raised its holdings in Keurig Dr Pepper by 15.2% in the second quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock valued at $9,987,000 after acquiring an additional 39,916 shares in the last quarter. LBP AM SA boosted its stake in Keurig Dr Pepper by 1,772.6% during the 2nd quarter. LBP AM SA now owns 549,178 shares of the company’s stock valued at $18,156,000 after acquiring an additional 519,851 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Keurig Dr Pepper by 9.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 152,411 shares of the company’s stock worth $5,038,000 after acquiring an additional 12,530 shares in the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Down 0.1%

NASDAQ:KDP opened at $28.13 on Wednesday. The firm has a market capitalization of $38.22 billion, a P/E ratio of 24.25, a P/E/G ratio of 1.75 and a beta of 0.43. The business has a 50 day simple moving average of $26.87 and a 200 day simple moving average of $30.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.40. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12.

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

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a $0.23 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio is 79.31%.

Analysts Set New Price Targets

KDP has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. BNP Paribas cut Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Wells Fargo & Company lifted their target price on Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. TD Cowen lowered their price target on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. Finally, UBS Group restated a “buy” rating and set a $35.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $35.27.

Keurig Dr Pepper Company Profile

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.