Applied Finance Capital Management LLC Trims Stake in Keurig Dr Pepper, Inc $KDP

Applied Finance Capital Management LLC trimmed its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 3.8% in the first quarter, HoldingsChannel.com reports. The fund owned 500,708 shares of the company’s stock after selling 19,687 shares during the quarter. Applied Finance Capital Management LLC’s holdings in Keurig Dr Pepper were worth $13,184,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. ARQ Wealth Advisors LLC increased its position in Keurig Dr Pepper by 347.8% during the 1st quarter. ARQ Wealth Advisors LLC now owns 54,275 shares of the company’s stock worth $1,429,000 after purchasing an additional 42,155 shares in the last quarter. Carnegie Investment Counsel purchased a new position in Keurig Dr Pepper in the 1st quarter valued at about $276,000. Fifth Third Bancorp boosted its stake in shares of Keurig Dr Pepper by 555.2% during the 1st quarter. Fifth Third Bancorp now owns 200,343 shares of the company’s stock worth $5,275,000 after purchasing an additional 169,765 shares during the last quarter. Candriam S.C.A. grew its holdings in shares of Keurig Dr Pepper by 33.4% during the first quarter. Candriam S.C.A. now owns 160,562 shares of the company’s stock worth $4,228,000 after buying an additional 40,158 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in Keurig Dr Pepper by 5.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 34,072 shares of the company’s stock valued at $897,000 after acquiring an additional 1,699 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $31.67 on Monday. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average of $30.60 and a 200-day moving average of $28.74. The stock has a market cap of $43.09 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 1.45 and a beta of 0.40. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly 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 firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same period in the prior year, the company posted $0.42 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio is currently 68.15%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group upgraded Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a report on Thursday, June 25th. Evercore set a $30.00 price target on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Barclays raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $30.00 to $36.00 in a research note on Thursday, June 25th. Wells Fargo & Company set a $37.00 target price on Keurig Dr Pepper in a research report on Wednesday, July 1st. Finally, Zacks Research cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $32.47.

Keurig Dr Pepper 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.