Kornitzer Capital Management Inc. KS Buys 30,240 Shares of Keurig Dr Pepper, Inc $KDP

Kornitzer Capital Management Inc. KS increased its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 28.3% in the 1st quarter, HoldingsChannel reports. The fund owned 137,022 shares of the company’s stock after buying an additional 30,240 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Keurig Dr Pepper were worth $3,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Auxier Asset Management lifted its holdings in Keurig Dr Pepper by 0.4% during the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after purchasing an additional 318 shares in the last quarter. Rossby Financial LCC raised its position in shares of Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after purchasing an additional 339 shares during the period. Wealth Watch Advisors INC boosted its holdings in Keurig Dr Pepper by 18.3% in the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock worth $67,000 after buying an additional 373 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Keurig Dr Pepper by 3.0% in the fourth quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock worth $383,000 after acquiring an additional 405 shares during the period. Finally, Transamerica Financial Advisors LLC grew its position in shares of Keurig Dr Pepper by 19.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock worth $72,000 after purchasing an additional 420 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KDP. Deutsche Bank Aktiengesellschaft lowered 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 report on Monday, March 30th. Barclays raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $30.00 to $36.00 in a research note on Thursday, June 25th. Sanford C. Bernstein set a $39.00 price target on shares of Keurig Dr Pepper in a research note on Wednesday. Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. Finally, Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $32.47.

Keurig Dr Pepper Trading Up 3.1%

Shares of NASDAQ KDP traded up $0.95 during mid-day trading on Friday, reaching $31.67. The company had a trading volume of 7,968,621 shares, compared to its average volume of 16,582,094. The stock has a market cap of $43.09 billion, a price-to-earnings 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. The business’s 50-day moving average is $30.60 and its 200-day moving average is $28.74. 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 (NASDAQ:KDP) last issued its earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same period in the prior year, the firm earned $0.42 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts expect that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

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

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.