Bank of Nova Scotia Has $7.16 Million Stock Position in Keurig Dr Pepper, Inc $KDP

Bank of Nova Scotia cut its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 43.8% in the 1st quarter, Holdings Channel reports. The firm owned 271,796 shares of the company’s stock after selling 211,816 shares during the period. Bank of Nova Scotia’s holdings in Keurig Dr Pepper were worth $7,156,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Sei Investments Co. grew its position in Keurig Dr Pepper by 76.0% in the first quarter. Sei Investments Co. now owns 2,777,757 shares of the company’s stock valued at $73,138,000 after acquiring an additional 1,199,521 shares during the last quarter. Alpha Family Trust bought a new position in shares of Keurig Dr Pepper in the first quarter worth about $216,000. CI Investments Inc. boosted its stake in shares of Keurig Dr Pepper by 17.0% in the 1st quarter. CI Investments Inc. now owns 9,037 shares of the company’s stock valued at $238,000 after purchasing an additional 1,316 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Keurig Dr Pepper by 2.7% in the 1st quarter. First Trust Advisors LP now owns 2,115,514 shares of the company’s stock valued at $55,701,000 after purchasing an additional 54,767 shares in the last quarter. Finally, Chase Investment Counsel Corp bought a new stake in shares of Keurig Dr Pepper during the 1st quarter valued at approximately $231,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 1.5%

NASDAQ KDP opened at $30.12 on Tuesday. The business’s 50-day moving average price is $30.91 and its two-hundred day moving average price is $28.94. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94. The firm has a market capitalization of $40.98 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 1.36 and a beta of 0.40. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72.

Keurig Dr Pepper Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on KDP shares. The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Sanford C. Bernstein set a $39.00 price target on shares of Keurig Dr Pepper in a report on Wednesday, July 8th. Zacks Research cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Barclays raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $30.00 to $36.00 in a report on Thursday, June 25th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $33.40.

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.