Commerzbank Aktiengesellschaft FI Has $2.35 Million Stake in Keurig Dr Pepper, Inc $KDP

Commerzbank Aktiengesellschaft FI boosted its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 91.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,237 shares of the company’s stock after purchasing an additional 43,938 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Keurig Dr Pepper were worth $2,353,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Chung Wu Investment Group LLC acquired a new position in Keurig Dr Pepper in the second quarter valued at about $26,000. NewSquare Capital LLC raised its position in shares of Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after buying an additional 386 shares in the last quarter. AlphaCore Capital LLC bought a new stake in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $26,000. Root Financial Partners LLC bought a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $26,000. Finally, Mather Group LLC. acquired a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $30,000. 93.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on KDP shares. Piper Sandler boosted their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, December 15th. JPMorgan Chase & Co. lowered their price target 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. Bank of America dropped their price objective on 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. TD Cowen reiterated a “hold” rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 1st. Finally, The Goldman Sachs Group lowered their target price on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.87.

Insider Transactions at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 10,000 shares of the firm’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 completion of the transaction, the vice president owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. This trade represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $27.76 on Monday. The stock has a 50-day moving average price of $27.98 and a two-hundred day moving average price of $28.98. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12. The company has a market capitalization of $37.71 billion, a PE ratio of 23.93, a P/E/G ratio of 1.91 and a beta of 0.34. The company has a current ratio of 0.62, a quick ratio of 0.38 and a debt-to-equity ratio of 0.53.

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

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, January 2nd. Keurig Dr Pepper’s payout ratio is presently 79.31%.

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.