Keurig Dr Pepper Inc. (NASDAQ:KDP) Holdings Cut by Rathbones Group PLC

Rathbones Group PLC reduced its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 10.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,067 shares of the company’s stock after selling 8,894 shares during the period. Rathbones Group PLC’s holdings in Keurig Dr Pepper were worth $2,474,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KDP. Private Advisor Group LLC lifted its stake in Keurig Dr Pepper by 80.0% in the fourth quarter. Private Advisor Group LLC now owns 16,090 shares of the company’s stock valued at $536,000 after acquiring an additional 7,149 shares during the last quarter. Principal Securities Inc. bought a new position in Keurig Dr Pepper during the fourth quarter valued at about $72,000. Dimensional Fund Advisors LP raised its stake in shares of Keurig Dr Pepper by 17.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,380,990 shares of the company’s stock valued at $112,656,000 after acquiring an additional 503,479 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Keurig Dr Pepper by 15.1% in the 4th quarter. Quadrant Capital Group LLC now owns 6,530 shares of the company’s stock worth $218,000 after purchasing an additional 856 shares during the last quarter. Finally, Kentucky Retirement Systems boosted its position in Keurig Dr Pepper by 0.4% during the fourth quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock worth $2,684,000 after purchasing an additional 344 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Down 0.7 %

Shares of KDP opened at $37.35 on Tuesday. The company has a market capitalization of $50.63 billion, a P/E ratio of 24.10, a PEG ratio of 2.79 and a beta of 0.62. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $37.84. The business’s 50 day simple moving average is $34.95 and its 200-day simple moving average is $33.26. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the company earned $0.42 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS 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. Shareholders of record on Friday, September 27th will be paid a $0.23 dividend. The ex-dividend date of this dividend 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 2.46%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 59.35%.

Wall Street Analyst Weigh In

Several research analysts recently commented on KDP shares. JPMorgan Chase & Co. dropped their target price on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. UBS Group increased their target price on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and lifted their price target for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. Barclays lowered their price objective on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $41.00 price target on shares of Keurig Dr Pepper in a report on Friday, July 26th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and an average price target of $36.50.

About Keurig Dr Pepper

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.