Keurig Dr Pepper, Inc $KDP Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 682,643 shares of the company’s stock after purchasing an additional 25,736 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.05% of Keurig Dr Pepper worth $17,414,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in KDP. Asset Dedication LLC boosted its position in shares of Keurig Dr Pepper by 3.8% in the 2nd quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock valued at $262,000 after purchasing an additional 288 shares during the period. Croban increased its position in Keurig Dr Pepper by 0.9% during the second quarter. Croban now owns 31,849 shares of the company’s stock worth $1,053,000 after buying an additional 294 shares during the period. Auxier Asset Management lifted its stake in Keurig Dr Pepper by 0.4% in the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after buying an additional 318 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of 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 during the period. Finally, NewSquare Capital LLC grew its position in shares of Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after acquiring an additional 386 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of 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. BNP Paribas cut shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Friday, October 31st. Bank of America dropped their price target on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group downgraded Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.87.

Insider Activity at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 10,000 shares of the company’s stock in a transaction 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 directly owned 54,200 shares of the company’s stock, valued at $1,599,984. This represents a 15.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $27.32 on Tuesday. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The company has a 50-day moving average price of $27.78 and a 200 day moving average price of $29.55. The company has a market cap of $37.12 billion, a P/E ratio of 23.55, a PEG ratio of 1.91 and a beta of 0.34. 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 (NASDAQ:KDP) last issued its earnings results on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. Research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, January 2nd. Keurig Dr Pepper’s payout ratio is presently 79.31%.

About Keurig Dr Pepper

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.