Schroder Investment Management Group Has $26.54 Million Stock Position in Keurig Dr Pepper, Inc $KDP

Schroder Investment Management Group increased its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 56.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 802,904 shares of the company’s stock after purchasing an additional 290,798 shares during the quarter. Schroder Investment Management Group’s holdings in Keurig Dr Pepper were worth $26,544,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Croban boosted its holdings in shares of Keurig Dr Pepper by 0.9% in the second quarter. Croban now owns 31,849 shares of the company’s stock worth $1,053,000 after buying an additional 294 shares during the period. Private Trust Co. NA lifted its position 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 valued at $54,000 after acquiring an additional 339 shares in the last quarter. Commerce Bank lifted its position in shares of Keurig Dr Pepper by 1.6% in the 1st quarter. Commerce Bank now owns 21,513 shares of the company’s stock valued at $736,000 after acquiring an additional 340 shares in the last quarter. NewSquare Capital LLC boosted its stake in Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the period. Finally, Raleigh Capital Management Inc. grew its position in Keurig Dr Pepper by 3.5% during the 2nd quarter. Raleigh Capital Management Inc. now owns 11,617 shares of the company’s stock worth $384,000 after purchasing an additional 395 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KDP shares. Barclays increased their target price on Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. Bank of America dropped their price target on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Cowen reissued a “hold” rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. Ten 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 company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.27.

Keurig Dr Pepper Price Performance

KDP opened at $28.13 on Wednesday. The stock has a fifty day moving average price of $26.87 and a 200 day moving average price of $30.35. The company has a current ratio of 0.62, a quick ratio of 0.40 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $36.12. The stock has a market cap of $38.22 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 1.75 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. Analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

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. This represents a $0.92 annualized dividend 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 presently 79.31%.

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.