Mutual of America Capital Management LLC Acquires 16,891 Shares of Keurig Dr Pepper, Inc $KDP

Mutual of America Capital Management LLC boosted its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 12.2% during the second quarter, Holdings Channel.com reports. The fund owned 155,814 shares of the company’s stock after buying an additional 16,891 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Keurig Dr Pepper were worth $5,151,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Novare Capital Management LLC bought a new position in Keurig Dr Pepper in the 2nd quarter worth about $4,764,000. Hamlin Capital Management LLC boosted its holdings in shares of Keurig Dr Pepper by 1.4% in the 2nd quarter. Hamlin Capital Management LLC now owns 4,448,801 shares of the company’s stock worth $147,077,000 after purchasing an additional 62,778 shares in the last quarter. Stanley Laman Group Ltd. boosted its holdings in shares of Keurig Dr Pepper by 16.2% in the 2nd quarter. Stanley Laman Group Ltd. now owns 8,771 shares of the company’s stock worth $290,000 after purchasing an additional 1,221 shares in the last quarter. Chevy Chase Trust Holdings LLC boosted its holdings in shares of Keurig Dr Pepper by 14.6% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 718,045 shares of the company’s stock worth $23,739,000 after purchasing an additional 91,224 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of Keurig Dr Pepper by 26.4% in the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock worth $54,000 after purchasing an additional 339 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Trading Down 0.3%

KDP opened at $27.67 on Wednesday. The business has a 50 day simple moving average of $28.46 and a two-hundred day simple moving average of $31.88. The firm has a market capitalization of $37.59 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 1.54 and a beta of 0.43. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. Keurig Dr Pepper, Inc has a one year low of $25.03 and a one year high of $36.99.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. Analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 82.14%.

Insiders Place Their Bets

In related news, Director Robert James Gamgort sold 208,000 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the completion of the transaction, the director owned 2,292,169 shares of the company’s stock, valued at $75,412,360.10. This trade represents a 8.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 423,601 shares of company stock worth $14,017,592. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. BNP Paribas Exane cut Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Cowen reiterated a “hold” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 1st. TD Cowen cut their price objective on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. BNP Paribas cut Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Finally, Barclays cut Keurig Dr Pepper from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $39.00 to $26.00 in a report on Wednesday, September 24th. Eleven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.87.

About Keurig Dr Pepper

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.