Keurig Dr Pepper, Inc $KDP Stock Holdings Lifted by HighTower Advisors LLC

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

Several other institutional investors have also made changes to their positions in the company. Candriam S.C.A. grew its position in Keurig Dr Pepper by 50.9% during the third quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock valued at $9,634,000 after purchasing an additional 127,389 shares in the last quarter. Elo Mutual Pension Insurance Co grew its position in Keurig Dr Pepper by 83.7% during the third quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock valued at $5,228,000 after purchasing an additional 93,374 shares in the last quarter. Ossiam grew its position in Keurig Dr Pepper by 508.0% during the third quarter. Ossiam now owns 726,288 shares of the company’s stock valued at $18,528,000 after purchasing an additional 606,826 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new position in Keurig Dr Pepper during the third quarter valued at approximately $2,551,000. Finally, Aberdeen Group plc grew its position in Keurig Dr Pepper by 26.7% during the third quarter. Aberdeen Group plc now owns 1,844,123 shares of the company’s stock valued at $47,044,000 after purchasing an additional 388,567 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $30.36 on Wednesday. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $41.31 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.38 and a beta of 0.41. The company has a 50 day moving average price of $27.69 and a two-hundred day moving average price of $28.02. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last posted 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 net margin of 10.81% and a return on equity of 10.51%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 earnings per share. As a group, equities analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders 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 yield of 3.0%. Keurig Dr Pepper’s payout ratio is 68.15%.

Analyst Ratings Changes

A number of research analysts recently commented on KDP shares. Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research report on Wednesday, April 22nd. UBS Group boosted their price objective on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. boosted their price objective on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, Wells Fargo & Company lowered their price objective on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Hold” and a consensus price target 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.