Keurig Dr Pepper, Inc $KDP Stake Lowered by King Luther Capital Management Corp

King Luther Capital Management Corp cut its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 68.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,307 shares of the company’s stock after selling 570,758 shares during the quarter. King Luther Capital Management Corp’s holdings in Keurig Dr Pepper were worth $7,291,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in KDP. NewEdge Advisors LLC grew its holdings in shares of Keurig Dr Pepper by 30.6% during the first quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock valued at $530,000 after purchasing an additional 3,627 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Keurig Dr Pepper by 248.0% during the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock valued at $2,389,000 after purchasing an additional 49,741 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Keurig Dr Pepper by 49.2% during the first quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock valued at $3,452,000 after purchasing an additional 33,258 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Keurig Dr Pepper during the second quarter valued at approximately $328,000. Finally, Jump Financial LLC grew its holdings in shares of Keurig Dr Pepper by 253.6% during the second quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock valued at $2,516,000 after purchasing an additional 54,571 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $30.10 on Thursday. 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 $40.95 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 1.35 and a beta of 0.41. The business has a 50 day simple moving average of $27.52 and a 200 day simple moving average of $27.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. On average, equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 68.15%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. UBS Group increased their price objective on Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Zacks Research lowered Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, BNP Paribas Exane raised Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Wednesday, April 22nd. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $31.57.

Keurig Dr Pepper Company 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.