Anchor Capital Advisors LLC Acquires 5,535 Shares of Keurig Dr Pepper, Inc $KDP

Anchor Capital Advisors LLC boosted its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 0.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,377,827 shares of the company’s stock after purchasing an additional 5,535 shares during the period. Keurig Dr Pepper accounts for approximately 1.3% of Anchor Capital Advisors LLC’s portfolio, making the stock its 23rd largest position. Anchor Capital Advisors LLC’s holdings in Keurig Dr Pepper were worth $45,551,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Croban increased its position in Keurig Dr Pepper by 0.9% in the 2nd quarter. Croban now owns 31,849 shares of the company’s stock worth $1,053,000 after buying an additional 294 shares during the period. Private Trust Co. NA grew its holdings in shares of Keurig Dr Pepper by 26.4% during the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock worth $54,000 after purchasing an additional 339 shares in the last quarter. Commerce Bank grew its holdings in shares of Keurig Dr Pepper by 1.6% during the 1st quarter. Commerce Bank now owns 21,513 shares of the company’s stock worth $736,000 after purchasing an additional 340 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Keurig Dr Pepper by 3.8% during the 1st quarter. Allworth Financial LP now owns 10,242 shares of the company’s stock worth $353,000 after purchasing an additional 371 shares in the last quarter. Finally, NewSquare Capital LLC grew its holdings in shares of Keurig Dr Pepper by 94.1% during the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $26.72 on Thursday. The stock’s fifty day simple moving average is $27.11 and its 200 day simple moving average is $31.30. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.40. The firm has a market cap of $36.30 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 1.75 and a beta of 0.43. Keurig Dr Pepper, Inc has a one year low of $25.03 and a one year high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.Keurig Dr Pepper’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. On average, analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. Keurig Dr Pepper’s payout ratio is currently 79.31%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KDP. The Goldman Sachs Group decreased their price objective on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, October 2nd. Piper Sandler decreased their price objective on Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. HSBC reissued a “hold” rating and set a $30.00 price objective (down previously from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. JPMorgan Chase & Co. decreased their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Finally, UBS Group reissued a “buy” rating and set a $35.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $35.27.

Insider Buying and Selling

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 7,601 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total value of $272,951.91. Following the transaction, the director owned 2,284,568 shares of the company’s stock, valued at approximately $82,038,836.88. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.