Keurig Dr Pepper, Inc $KDP is Clifford Capital Partners LLC’s 3rd Largest Position

Clifford Capital Partners LLC increased its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 67.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 667,163 shares of the company’s stock after purchasing an additional 268,383 shares during the period. Keurig Dr Pepper accounts for 4.2% of Clifford Capital Partners LLC’s holdings, making the stock its 3rd biggest holding. Clifford Capital Partners LLC’s holdings in Keurig Dr Pepper were worth $22,056,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Mutual of America Capital Management LLC boosted its position in Keurig Dr Pepper by 2.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 138,923 shares of the company’s stock valued at $4,754,000 after acquiring an additional 3,977 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of Keurig Dr Pepper by 21.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 10,875 shares of the company’s stock worth $372,000 after purchasing an additional 1,926 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Keurig Dr Pepper by 46.9% during the first quarter. Allianz Asset Management GmbH now owns 105,700 shares of the company’s stock valued at $3,617,000 after purchasing an additional 33,769 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Keurig Dr Pepper during the first quarter valued at about $435,000. Finally, AE Wealth Management LLC grew its stake in Keurig Dr Pepper by 118.4% in the first quarter. AE Wealth Management LLC now owns 28,690 shares of the company’s stock valued at $982,000 after purchasing an additional 15,552 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 1.9%

NASDAQ KDP opened at $27.74 on Monday. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12. The company has a fifty day simple moving average of $26.74 and a two-hundred day simple moving average of $30.63. The company has a current ratio of 0.62, a quick ratio of 0.40 and a debt-to-equity ratio of 0.53. The stock has a market cap of $37.69 billion, a P/E ratio of 23.91, a P/E/G ratio of 1.75 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. On average, analysts forecast that Keurig Dr Pepper, Inc will post 1.92 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, October 10th. Stockholders of record on Friday, September 26th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Analyst Ratings Changes

Several research firms have commented on KDP. TD Cowen decreased their price target on shares of Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. Citigroup decreased their target price on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Wells Fargo & Company raised their target price on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. The Goldman Sachs Group reduced their price target on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Finally, BNP Paribas Exane cut Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Hold” and an average target price of $35.27.

Keurig Dr Pepper Company 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.