Kornitzer Capital Management Inc. KS Buys 30,240 Shares of Keurig Dr Pepper, Inc $KDP

Kornitzer Capital Management Inc. KS raised its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 28.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,022 shares of the company’s stock after acquiring an additional 30,240 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Keurig Dr Pepper were worth $3,608,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of KDP. Auxier Asset Management grew its holdings in shares of Keurig Dr Pepper by 0.4% during the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after buying an additional 318 shares during the last quarter. Rossby Financial LCC lifted its position in 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 acquiring an additional 339 shares in the last quarter. Wealth Watch Advisors INC boosted its stake in Keurig Dr Pepper by 18.3% during the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock valued at $67,000 after purchasing an additional 373 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Keurig Dr Pepper by 3.0% in the 4th quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock worth $383,000 after purchasing an additional 405 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its position in shares of Keurig Dr Pepper by 19.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock valued at $72,000 after buying an additional 420 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Performance

Shares of KDP traded up $0.95 on Friday, reaching $31.67. The company’s stock had a trading volume of 7,968,621 shares, compared to its average volume of 16,582,094. The stock’s 50 day simple moving average is $30.60 and its two-hundred day simple moving average is $28.74. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The stock has a market capitalization of $43.09 billion, a P/E ratio of 23.46, a PEG ratio of 1.45 and a beta of 0.40. 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 announced its earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business 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 firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. Research analysts forecast that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 68.15%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KDP shares. Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a report on Wednesday. Barclays upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $30.00 to $36.00 in a research report on Thursday, June 25th. Zacks Research downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $32.47.

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.