306,902 Keurig Dr Pepper, Inc $KDP Shares Bought by RWC Asset Management LLP

RWC Asset Management LLP raised its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 24.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,556,100 shares of the company’s stock after acquiring an additional 306,902 shares during the quarter. Keurig Dr Pepper makes up 1.8% of RWC Asset Management LLP’s holdings, making the stock its 14th largest holding. RWC Asset Management LLP owned about 0.11% of Keurig Dr Pepper worth $47,212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Keurig Dr Pepper in the second quarter worth about $4,697,645,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Keurig Dr Pepper during the 2nd quarter valued at about $767,105,000. Dimensional Fund Advisors LP boosted its position in Keurig Dr Pepper by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,585,791 shares of the company’s stock valued at $252,408,000 after buying an additional 103,505 shares during the period. Bank of America Corp DE purchased a new stake in Keurig Dr Pepper in the 2nd quarter valued at about $281,503,000. Finally, Legal & General Group Plc purchased a new stake in Keurig Dr Pepper in the 2nd quarter valued at about $269,336,000. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Down 1.4%

Shares of NASDAQ KDP traded down $0.51 during midday trading on Friday, reaching $34.68. 13,465,514 shares of the company’s stock traded hands, compared to its average volume of 12,770,590. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. The stock’s 50 day simple moving average is $32.05 and its 200-day simple moving average is $30.63. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.40. The company has a market cap of $47.19 billion, a price-to-earnings ratio of 35.03, a P/E/G ratio of 1.68 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%. Keurig Dr Pepper’s revenue was up 75.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, analysts predict that Keurig Dr Pepper, Inc will post 2.30 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Monday, September 28th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, September 28th. Keurig Dr Pepper’s payout ratio is presently 92.93%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KDP. Wells Fargo & Company set a $37.00 price target on Keurig Dr Pepper in a report on Wednesday, July 1st. Weiss Ratings restated a “hold (c)” rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. Piper Sandler restated an “overweight” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 14th. BNP Paribas Exane lifted their target price on Keurig Dr Pepper from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, Bank of America upped their target price on Keurig Dr Pepper from $35.00 to $38.00 in a report on Friday, July 10th. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.78.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela Stephens sold 9,500 shares of Keurig Dr Pepper stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total value of $310,650.00. Following the transaction, the vice president owned 55,786 shares in the company, valued at $1,824,202.20. The trade was a 14.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $32.55, for a total transaction of $390,600.00. Following the completion of the transaction, the insider owned 84,171 shares of the company’s stock, valued at $2,739,766.05. This represents a 12.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.34% of the stock is currently owned by company insiders.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods.

The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.