Keurig Dr Pepper, Inc $KDP Position Boosted by Assetmark Inc.

Assetmark Inc. increased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 26.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,797 shares of the company’s stock after purchasing an additional 21,210 shares during the quarter. Assetmark Inc.’s holdings in Keurig Dr Pepper were worth $2,654,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC purchased a new position in Keurig Dr Pepper in the 4th quarter worth about $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Keurig Dr Pepper by 102,300.0% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after buying an additional 1,023 shares during the period. Rossby Financial LCC increased its stake in Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after buying an additional 339 shares during the period. Activest Wealth Management lifted its position in Keurig Dr Pepper by 5,642.1% in the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after buying an additional 1,072 shares in the last quarter. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at $31,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KDP has been the subject of a number of recent research reports. UBS Group raised their price target on Keurig Dr Pepper from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Citigroup lifted their price objective on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. The Goldman Sachs Group raised shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday, June 25th. Finally, Sanford C. Bernstein set a $39.00 price objective on Keurig Dr Pepper in a report on Wednesday, July 8th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.40.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $29.67 on Friday. The firm has a market capitalization of $40.37 billion, a P/E ratio of 21.98, a P/E/G ratio of 1.38 and a beta of 0.40. The stock has a fifty day moving average price of $30.88 and a two-hundred day moving average price of $28.90. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $35.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same period last year, the firm posted $0.42 EPS. The business’s revenue was up 9.4% on a year-over-year basis. As a group, analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 68.15%.

Keurig Dr Pepper Company Profile

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.