Osaic Holdings Inc. Raises Stock Position in Keurig Dr Pepper, Inc $KDP

Osaic Holdings Inc. lifted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 47.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 92,697 shares of the company’s stock after purchasing an additional 29,956 shares during the period. Osaic Holdings Inc.’s holdings in Keurig Dr Pepper were worth $3,068,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in shares of Keurig Dr Pepper in the 1st quarter worth $25,000. NewSquare Capital LLC raised its holdings 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 valued at $26,000 after acquiring an additional 386 shares in the last quarter. Chung Wu Investment Group LLC purchased a new stake in Keurig Dr Pepper in the second quarter worth about $26,000. AlphaCore Capital LLC bought a new position in Keurig Dr Pepper during the 2nd quarter worth about $26,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Keurig Dr Pepper by 102,300.0% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after purchasing an additional 1,023 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the transaction, the vice president owned 54,200 shares in the company, valued at approximately $1,599,984. This represents a 15.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Stock Up 0.4%

Keurig Dr Pepper stock opened at $28.10 on Friday. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12. The business has a fifty day moving average price of $27.76 and a 200-day moving average price of $29.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. The stock has a market capitalization of $38.18 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 2.04 and a beta of 0.35.

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

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be paid a $0.23 dividend. The ex-dividend date is Friday, January 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 79.31%.

Analyst Upgrades and Downgrades

KDP has been the subject of several research reports. Jefferies Financial Group cut shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and lowered their price target for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. JPMorgan Chase & Co. lowered their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Cowen reiterated a “hold” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 1st. UBS Group reissued a “buy” rating and issued a $35.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. Finally, Piper Sandler raised their price objective on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, December 15th. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Keurig Dr Pepper has an average rating of “Hold” and an average price target of $34.87.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.