Legal & General Group Plc Has $333.06 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Legal & General Group Plc raised its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 6.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 9,971,838 shares of the company’s stock after acquiring an additional 609,857 shares during the period. Legal & General Group Plc’s holdings in Keurig Dr Pepper were worth $333,057,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Blue Trust Inc. raised its position in shares of Keurig Dr Pepper by 312.1% during the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after acquiring an additional 643 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Keurig Dr Pepper by 617.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after purchasing an additional 685 shares during the period. Farmers & Merchants Investments Inc. raised its holdings in Keurig Dr Pepper by 51.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Keurig Dr Pepper in the 2nd quarter worth approximately $35,000. Finally, Riverview Trust Co bought a new stake in shares of Keurig Dr Pepper in the 2nd quarter valued at $39,000. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Up 0.3 %

NASDAQ:KDP opened at $37.42 on Friday. 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 Inc. has a one year low of $27.66 and a one year high of $38.28. The company has a market cap of $50.74 billion, a PE ratio of 24.14, a PEG ratio of 2.86 and a beta of 0.62. The firm has a 50-day moving average of $35.84 and a 200-day moving average of $33.77.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the business posted $0.42 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal 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 given a $0.23 dividend. This is a positive change 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%. The ex-dividend date of this dividend is Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

Analysts Set New Price Targets

KDP has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a report on Monday, September 23rd. TD Cowen boosted their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 target price on shares of Keurig Dr Pepper in a research note on Friday, July 26th. Barclays lowered their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Finally, Citigroup upgraded Keurig Dr Pepper from a “neutral” rating to a “buy” rating and increased their price target for the stock from $36.00 to $43.00 in a report on Monday, September 23rd. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.53.

Keurig Dr Pepper Company 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.