Cetera Investment Advisers Increases Stock Position in Keurig Dr Pepper, Inc $KDP

Cetera Investment Advisers increased its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 11.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 259,164 shares of the company’s stock after buying an additional 26,593 shares during the period. Cetera Investment Advisers’ holdings in Keurig Dr Pepper were worth $8,568,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KDP. Amundi boosted its position in 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 lifted its stake in shares of Keurig Dr Pepper by 61.8% during 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 period. Truist Financial Corp boosted its holdings in Keurig Dr Pepper by 15.2% in the second quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock valued at $9,987,000 after acquiring an additional 39,916 shares during the last quarter. LBP AM SA increased its position in Keurig Dr Pepper by 1,772.6% in the second 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 period. 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. Institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Cowen restated a “hold” rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 1st. Barclays upped their price objective on Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. BNP Paribas cut Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Finally, Bank of America decreased their target price on 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. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Hold” and a consensus target price of $35.27.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $27.74 on Friday. The firm has a market capitalization of $37.69 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. The company has a current ratio of 0.62, a quick ratio of 0.40 and a debt-to-equity ratio of 0.53. The firm’s fifty day moving average price is $26.74 and its two-hundred day moving average price is $30.68. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $36.12.

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

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors 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 annualized dividend and a yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 79.31%.

Keurig Dr Pepper Company 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.