NorthRock Partners LLC Acquires 1,711 Shares of Keurig Dr Pepper, Inc $KDP

NorthRock Partners LLC lifted its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDPFree Report) by 0.4% in the second quarter, HoldingsChannel reports. The fund owned 406,281 shares of the company’s stock after buying an additional 1,711 shares during the period. NorthRock Partners LLC’s holdings in Keurig Dr Pepper were worth $13,525,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Keurig Dr Pepper by 21.3% in the 1st quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company’s stock worth $4,962,338,000 after acquiring an additional 25,425,644 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Keurig Dr Pepper by 108.1% in the 1st quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company’s stock worth $1,330,565,000 after acquiring an additional 20,196,835 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Keurig Dr Pepper by 1.7% in the 1st quarter. Invesco Ltd. now owns 21,973,128 shares of the company’s stock worth $751,920,000 after acquiring an additional 367,518 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Keurig Dr Pepper by 0.8% in the 1st quarter. Northern Trust Corp now owns 13,712,677 shares of the company’s stock worth $469,248,000 after acquiring an additional 114,044 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Keurig Dr Pepper by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 10,284,995 shares of the company’s stock valued at $351,927,000 after purchasing an additional 358,350 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KDP has been the subject of a number of analyst reports. BNP Paribas lowered Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective on Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, July 17th. BNP Paribas Exane lowered Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Finally, Jefferies Financial Group set a $41.00 price objective on Keurig Dr Pepper in a research note on Monday, August 25th. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.00.

Check Out Our Latest Stock Report on Keurig Dr Pepper

Keurig Dr Pepper Price Performance

KDP opened at $25.82 on Monday. The stock has a fifty day simple moving average of $29.39 and a two-hundred day simple moving average of $32.22. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. The company has a market cap of $35.07 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 1.43 and a beta of 0.43. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $37.27.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting 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 the consensus estimate of $4.14 billion. During the same period last year, the company earned $0.45 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. Research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 82.14%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the sale, the insider directly owned 82,511 shares of the company’s stock, valued at $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert James Gamgort sold 7,601 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the transaction, the director directly owned 2,284,568 shares in the company, valued at $82,038,836.88. The trade was a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 435,601 shares of company stock worth $14,421,512 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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