Capital Group Private Client Services Inc. Purchases 33,308 Shares of Keurig Dr Pepper, Inc $KDP

Capital Group Private Client Services Inc. grew its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 28.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,945 shares of the company’s stock after buying an additional 33,308 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Keurig Dr Pepper were worth $4,200,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC lifted its position in shares of Keurig Dr Pepper by 97.8% during the fourth quarter. Longfellow Investment Management Co. LLC now owns 24,821 shares of the company’s stock worth $695,000 after purchasing an additional 12,270 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Keurig Dr Pepper by 2.2% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 87,075 shares of the company’s stock worth $2,439,000 after purchasing an additional 1,904 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Keurig Dr Pepper by 64.5% during the fourth quarter. Parallel Advisors LLC now owns 14,855 shares of the company’s stock worth $416,000 after purchasing an additional 5,824 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its position in shares of Keurig Dr Pepper by 21.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 101,437 shares of the company’s stock worth $2,841,000 after purchasing an additional 18,065 shares in the last quarter. Finally, Prudential PLC lifted its position in shares of Keurig Dr Pepper by 101.6% during the fourth quarter. Prudential PLC now owns 632,676 shares of the company’s stock worth $17,721,000 after purchasing an additional 318,803 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KDP shares. Citigroup reduced their target price on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Barclays increased their price objective on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, April 27th. Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Hold” and an average target price of $31.57.

Keurig Dr Pepper Stock Performance

KDP opened at $30.53 on Monday. The firm’s fifty day moving average is $28.00 and its two-hundred day moving average is $28.11. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. The firm has a market cap of $41.54 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.39 and a beta of 0.41. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio is currently 68.15%.

About Keurig Dr Pepper

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.