Assenagon Asset Management S.A. Grows Stock Holdings in Keurig Dr Pepper, Inc $KDP

Assenagon Asset Management S.A. lifted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 457.9% during the first quarter, HoldingsChannel.com reports. The firm owned 261,101 shares of the company’s stock after purchasing an additional 214,303 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Keurig Dr Pepper were worth $6,875,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in Keurig Dr Pepper by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock valued at $530,000 after purchasing an additional 3,627 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Keurig Dr Pepper by 248.0% in the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after buying an additional 49,741 shares in the last quarter. Woodline Partners LP lifted its stake in shares of Keurig Dr Pepper by 49.2% in the first quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after buying an additional 33,258 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Keurig Dr Pepper during the second quarter valued at approximately $328,000. Finally, Jump Financial LLC grew its holdings in shares of Keurig Dr Pepper by 253.6% during the second quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock valued at $2,516,000 after buying an additional 54,571 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $33.48 on Monday. The firm’s 50 day moving average price is $29.66 and its 200-day moving average price is $28.49. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $45.56 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.53 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $7.23 billion. During the same period in the previous year, the business posted $0.42 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 68.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Zacks Research downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.40.

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.