Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 83.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,040 shares of the company’s stock after buying an additional 1,380 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Keurig Dr Pepper were worth $102,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KDP. Capital World Investors increased its holdings in Keurig Dr Pepper by 14.6% in the 4th quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock worth $3,599,652,000 after buying an additional 13,738,345 shares during the period. Vanguard Group Inc. increased its stake in shares of Keurig Dr Pepper by 9.4% in the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock worth $2,786,075,000 after acquiring an additional 7,825,418 shares during the period. Capital International Investors raised its holdings in shares of Keurig Dr Pepper by 1.3% during the fourth quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock worth $1,867,937,000 after purchasing an additional 730,112 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Keurig Dr Pepper by 107.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock valued at $725,487,000 after purchasing an additional 12,259,471 shares during the period. Finally, Putnam Investments LLC lifted its position in Keurig Dr Pepper by 3.3% during the fourth quarter. Putnam Investments LLC now owns 9,114,077 shares of the company’s stock valued at $303,681,000 after purchasing an additional 293,258 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Wells Fargo & Company upped their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Citigroup raised shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and lifted their target price for the company from $36.00 to $43.00 in a report on Monday. Finally, Truist Financial raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and increased their price target for the stock from $27.00 to $34.00 in a report on Monday, June 17th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus price target of $37.53.

Keurig Dr Pepper Trading Down 0.1 %

Shares of KDP stock opened at $37.53 on Friday. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $38.28. The firm has a market capitalization of $50.89 billion, a P/E ratio of 24.21, a PEG ratio of 2.86 and a beta of 0.62. The stock’s fifty day moving average is $35.76 and its two-hundred day moving average is $33.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 EPS. Research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.23 dividend. The ex-dividend date is Friday, September 27th. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.45%. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

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.