SG Americas Securities LLC Purchases 219,329 Shares of Keurig Dr Pepper, Inc $KDP

SG Americas Securities LLC boosted its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 65.7% in the second quarter, Holdings Channel reports. The institutional investor owned 553,363 shares of the company’s stock after buying an additional 219,329 shares during the period. SG Americas Securities LLC’s holdings in Keurig Dr Pepper were worth $18,294,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KDP. Amundi grew its position in shares of Keurig Dr Pepper by 7.7% in the 1st quarter. Amundi now owns 4,404,145 shares of the company’s stock valued at $156,920,000 after buying an additional 315,290 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in Keurig Dr Pepper by 61.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 60,630 shares of the company’s stock valued at $2,075,000 after acquiring an additional 23,167 shares during the last quarter. Truist Financial Corp increased its position in Keurig Dr Pepper by 15.2% during the 2nd quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock valued at $9,987,000 after purchasing an additional 39,916 shares during the period. LBP AM SA raised its holdings in Keurig Dr Pepper by 1,772.6% during the 2nd quarter. LBP AM SA now owns 549,178 shares of the company’s stock worth $18,156,000 after purchasing an additional 519,851 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Keurig Dr Pepper by 9.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 152,411 shares of the company’s stock worth $5,038,000 after purchasing an additional 12,530 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KDP has been the subject of several recent analyst reports. Bank of America decreased their price objective on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, August 26th. The Goldman Sachs Group decreased their target price on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. UBS Group reissued a “buy” rating and issued a $35.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Finally, Barclays raised their price objective on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $35.27.

Insider Activity at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 7,601 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $82,038,836.88. This trade represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $27.13 on Friday. The stock has a market cap of $36.86 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.75 and a beta of 0.43. The business’s fifty day moving average is $26.77 and its 200 day moving average is $30.90. The company has a quick ratio of 0.40, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. Sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

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

About Keurig Dr Pepper

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.