Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Keurig Dr Pepper Inc (NYSE:KDP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 765,879 shares of the company’s stock, valued at approximately $17,745,000. Los Angeles Capital Management & Equity Research Inc. owned about 0.06% of Keurig Dr Pepper at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in KDP. Victory Capital Management Inc. bought a new stake in shares of Keurig Dr Pepper during the third quarter valued at approximately $114,109,000. First Trust Advisors LP bought a new stake in shares of Keurig Dr Pepper during the third quarter valued at approximately $31,485,000. Levin Capital Strategies L.P. bought a new stake in shares of Keurig Dr Pepper during the third quarter valued at approximately $29,398,000. Lindsell Train Ltd bought a new stake in shares of Keurig Dr Pepper during the third quarter valued at approximately $21,511,000. Finally, Gabelli Funds LLC bought a new stake in shares of Keurig Dr Pepper during the third quarter valued at approximately $20,167,000. Hedge funds and other institutional investors own 11.56% of the company’s stock.
Shares of KDP opened at $28.52 on Friday. Keurig Dr Pepper Inc has a fifty-two week low of $20.46 and a fifty-two week high of $126.65. The firm has a market capitalization of $38.37 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47. The company has a current ratio of 0.93, a quick ratio of 0.75 and a debt-to-equity ratio of 1.52.
Keurig Dr Pepper (NYSE:KDP) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. Keurig Dr Pepper had a net margin of 13.55% and a return on equity of 46.22%. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the previous year, the business posted $0.21 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 139.6% on a year-over-year basis. As a group, analysts anticipate that Keurig Dr Pepper Inc will post 1.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 5th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.10%. The ex-dividend date was Thursday, October 4th. Keurig Dr Pepper’s payout ratio is 13.22%.
Several equities research analysts have recently issued reports on KDP shares. Bank of America set a $30.00 price objective on shares of Keurig Dr Pepper and gave the company a “buy” rating in a research report on Monday, July 16th. Goldman Sachs Group assumed coverage on shares of Keurig Dr Pepper in a research report on Wednesday, July 18th. They issued a “neutral” rating and a $26.00 price target on the stock. Susquehanna Bancshares assumed coverage on shares of Keurig Dr Pepper in a research report on Wednesday, July 25th. They issued a “positive” rating and a $33.00 price target on the stock. ValuEngine cut shares of Keurig Dr Pepper from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Finally, Citigroup boosted their price target on shares of Keurig Dr Pepper from $15.46 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $25.38.
In other news, insider Maria A. Sceppaguercio-Gever acquired 42,498 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was bought at an average cost of $23.53 per share, with a total value of $999,977.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James R. Trebilcock acquired 29,734 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were purchased at an average cost of $22.76 per share, with a total value of $676,745.84. The disclosure for this purchase can be found here. Insiders have acquired 188,320 shares of company stock valued at $4,399,673 over the last ninety days. 0.58% of the stock is owned by insiders.
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About Keurig Dr Pepper
Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.
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