Asset Management Group Inc. Invests $203,000 in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Asset Management Group Inc. purchased a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the second quarter, according to its most recent filing with the SEC. The firm purchased 6,082 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its holdings in shares of Keurig Dr Pepper by 254.6% during the first quarter. Commonwealth Equity Services LLC now owns 95,877 shares of the company’s stock worth $2,941,000 after buying an additional 68,840 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Keurig Dr Pepper by 608.0% in the fourth quarter. Franklin Resources Inc. now owns 813,578 shares of the company’s stock worth $27,108,000 after purchasing an additional 698,665 shares in the last quarter. Twin Tree Management LP acquired a new position in Keurig Dr Pepper during the first quarter worth $512,000. Confluence Investment Management LLC bought a new position in Keurig Dr Pepper in the first quarter valued at $11,375,000. Finally, PBCay One RSC Ltd acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at $1,543,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $37.46 on Friday. The company has a market capitalization of $50.78 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 2.79 and a beta of 0.62. The stock’s 50 day moving average is $35.37 and its 200-day moving average is $33.44. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $37.84.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $3.92 billion for the quarter, compared to analyst estimates 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 for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $0.42 earnings per share. Equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a $0.23 dividend. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, September 27th. Keurig Dr Pepper’s payout ratio is 59.35%.

Wall Street Analyst Weigh In

KDP has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and boosted their price target for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. Wells Fargo & Company increased their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Finally, UBS Group upped their price target on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.