HighTower Advisors LLC Purchases 28,224 Shares of Keurig Dr Pepper, Inc $KDP

HighTower Advisors LLC increased its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 97.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 57,044 shares of the company’s stock after buying an additional 28,224 shares during the quarter. HighTower Advisors LLC’s holdings in Keurig Dr Pepper were worth $1,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Candriam S.C.A. boosted its holdings in shares of Keurig Dr Pepper by 50.9% during the 3rd quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock worth $9,634,000 after buying an additional 127,389 shares during the period. Elo Mutual Pension Insurance Co boosted its holdings in shares of Keurig Dr Pepper by 83.7% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock worth $5,228,000 after buying an additional 93,374 shares during the period. Ossiam boosted its holdings in shares of Keurig Dr Pepper by 508.0% during the 3rd quarter. Ossiam now owns 726,288 shares of the company’s stock worth $18,528,000 after buying an additional 606,826 shares during the period. Polar Asset Management Partners Inc. bought a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth $2,551,000. Finally, Aberdeen Group plc boosted its holdings in shares of Keurig Dr Pepper by 26.7% during the 3rd quarter. Aberdeen Group plc now owns 1,844,123 shares of the company’s stock worth $47,044,000 after buying an additional 388,567 shares during the period. 93.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KDP shares. Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. upped their price objective on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a report on Friday, April 24th. UBS Group upped their target price on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.57.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $30.36 on Wednesday. The stock has a market cap of $41.31 billion, a P/E ratio of 22.49, a PEG ratio of 1.38 and a beta of 0.41. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94. The company has a fifty day moving average price of $27.69 and a 200 day moving average price of $28.02. 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 announced its quarterly earnings data 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. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter in the prior year, the company posted $0.42 EPS. The business’s revenue was up 9.4% on a year-over-year basis. Analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a $0.23 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio is currently 68.15%.

About Keurig Dr Pepper

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.