Keurig Dr Pepper, Inc $KDP Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 76.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,777,757 shares of the company’s stock after purchasing an additional 1,199,521 shares during the quarter. Sei Investments Co.’s holdings in Keurig Dr Pepper were worth $73,138,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Salomon & Ludwin LLC purchased a new stake in shares of Keurig Dr Pepper during the fourth quarter worth approximately $26,000. Meeder Asset Management Inc. lifted its stake in Keurig Dr Pepper by 358.0% in the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after acquiring an additional 759 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Keurig Dr Pepper by 102,300.0% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after acquiring an additional 1,023 shares in the last quarter. Rossby Financial LCC increased its position in shares of Keurig Dr Pepper by 45.1% in 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 last quarter. Finally, Activest Wealth Management raised its holdings in shares of Keurig Dr Pepper by 5,642.1% in the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after purchasing an additional 1,072 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $29.68 on Friday. The stock’s 50-day moving average is $30.89 and its two-hundred day moving average is $28.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94. The firm has a market cap of $40.38 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 1.36 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last announced its 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 analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. Analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were paid a $0.23 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. Keurig Dr Pepper’s payout ratio is currently 68.15%.

Wall Street Analyst Weigh In

Several research firms recently commented on KDP. The Goldman Sachs Group raised Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a report on Thursday, June 25th. Evercore set a $30.00 price target on Keurig Dr Pepper in a report on Friday, April 24th. UBS Group upped their price objective on Keurig Dr Pepper from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Finally, Citigroup raised their target price on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $33.40.

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.