MBB Public Markets I LLC Increases Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

MBB Public Markets I LLC increased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 847.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 76,389 shares of the company’s stock after buying an additional 68,324 shares during the period. MBB Public Markets I LLC’s holdings in Keurig Dr Pepper were worth $2,551,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KDP. Blue Trust Inc. lifted its stake in shares of Keurig Dr Pepper by 312.1% in the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after purchasing an additional 643 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Keurig Dr Pepper by 617.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after acquiring an additional 685 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after acquiring an additional 301 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of Keurig Dr Pepper in the 2nd quarter valued at $35,000. Finally, Riverview Trust Co acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Up 0.3 %

Keurig Dr Pepper stock opened at $37.42 on Friday. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $38.28. The firm’s 50-day moving average is $35.84 and its 200-day moving average is $33.77. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. The company has a market cap of $50.74 billion, a P/E ratio of 24.14, a PEG ratio of 2.86 and a beta of 0.62.

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, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. Keurig Dr Pepper’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.42 earnings per share. On average, equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.46%. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s payout ratio is currently 55.48%.

Analysts Set New Price Targets

KDP has been the topic of several research reports. TD Cowen raised their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday. UBS Group boosted their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Citigroup raised shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and increased their price objective for the company from $36.00 to $43.00 in a research report on Monday, September 23rd. BNP Paribas assumed coverage on shares of Keurig Dr Pepper in a research report on Monday, June 24th. They set a “neutral” rating and a $36.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price target on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.53.

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.