Scientech Research LLC Makes New $836,000 Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Scientech Research LLC bought a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,031 shares of the company’s stock, valued at approximately $836,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KDP. Blue Trust Inc. grew its holdings 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 worth $26,000 after acquiring an additional 643 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in Keurig Dr Pepper by 617.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after purchasing an additional 685 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $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 during the 2nd quarter worth $35,000. Finally, Riverview Trust Co purchased a new stake in shares of Keurig Dr Pepper in the 2nd quarter worth about $39,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $41.00 target price on shares of Keurig Dr Pepper in a research report on Friday, July 26th. JPMorgan Chase & Co. reduced their target price on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Citigroup raised Keurig Dr Pepper from a “neutral” rating to a “buy” rating and raised their price target for the stock from $36.00 to $43.00 in a research report on Monday, September 23rd. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Finally, Truist Financial upgraded Keurig Dr Pepper from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. Eight investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.53.

Keurig Dr Pepper Price Performance

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 company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. The firm has a 50 day moving average price of $35.84 and a 200 day moving average price of $33.77. The company has a market cap of $50.74 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 2.86 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data 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 net margin of 14.47% and a return on equity of 10.32%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 EPS. Sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

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

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.