Citigroup Inc. Acquires 410,798 Shares of Keurig Dr Pepper, Inc $KDP

Citigroup Inc. increased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 20.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,376,692 shares of the company’s stock after purchasing an additional 410,798 shares during the period. Citigroup Inc.’s holdings in Keurig Dr Pepper were worth $78,573,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Rise Advisors LLC purchased a new stake in shares of Keurig Dr Pepper during the 1st quarter valued at about $25,000. Chung Wu Investment Group LLC bought a new position in Keurig Dr Pepper during the second quarter valued at approximately $26,000. NewSquare Capital LLC boosted its holdings in Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the last quarter. WPG Advisers LLC bought a new stake in Keurig Dr Pepper in the 1st quarter worth approximately $43,000. Finally, Private Trust Co. NA raised its stake in Keurig Dr Pepper by 26.4% during the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock valued at $54,000 after buying an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analyst Ratings Changes

KDP has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. HSBC reissued a “hold” rating and issued a $30.00 target price (down previously from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. Barclays boosted their price target on Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. lowered their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Monday, October 20th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Friday, October 31st. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $35.27.

Keurig Dr Pepper Stock Up 1.7%

NASDAQ KDP opened at $27.42 on Wednesday. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The company has a quick ratio of 0.40, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $37.25 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. The stock’s 50-day moving average price is $26.75 and its 200-day moving average price is $30.78.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period in the prior year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.