American Century Companies Inc. Has $4.44 Million Stock Holdings in Keurig Dr Pepper, Inc $KDP

American Century Companies Inc. lifted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 25.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,254 shares of the company’s stock after purchasing an additional 27,018 shares during the period. American Century Companies Inc.’s holdings in Keurig Dr Pepper were worth $4,438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KDP. Rise Advisors LLC bought a new stake in Keurig Dr Pepper during the 1st quarter worth approximately $25,000. Chung Wu Investment Group LLC acquired a new position in shares of Keurig Dr Pepper during the second quarter worth $26,000. NewSquare Capital LLC grew its stake in shares of Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in Keurig Dr Pepper in the second quarter valued at $26,000. Finally, WPG Advisers LLC acquired a new stake in Keurig Dr Pepper in the first quarter valued at $43,000. Institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on KDP. JPMorgan Chase & Co. reduced their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. Barclays lifted their price objective on Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Wells Fargo & Company upped their target price on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Bank of America decreased their target price on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Finally, Piper Sandler dropped 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 research report on Wednesday, September 17th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $35.27.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $28.69 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $36.12. The company has a fifty day moving average of $27.03 and a 200-day moving average of $30.24. The firm has a market capitalization of $38.98 billion, a P/E ratio of 24.73, a P/E/G ratio of 1.85 and a beta of 0.35.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. Keurig Dr Pepper’s revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts anticipate 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. Stockholders of record on Friday, September 26th were paid a $0.23 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 79.31%.

Keurig Dr Pepper 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.