Quilter Plc Has $481,000 Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Quilter Plc increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 80.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,399 shares of the company’s stock after acquiring an additional 6,430 shares during the period. Quilter Plc’s holdings in Keurig Dr Pepper were worth $481,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KDP. Kennon Green & Company LLC grew its holdings in Keurig Dr Pepper by 12.7% during the 2nd quarter. Kennon Green & Company LLC now owns 61,396 shares of the company’s stock worth $2,051,000 after acquiring an additional 6,936 shares during the last quarter. Poehling Capital Management INC. lifted its holdings in shares of Keurig Dr Pepper by 1.7% during the second quarter. Poehling Capital Management INC. now owns 89,268 shares of the company’s stock worth $2,982,000 after purchasing an additional 1,498 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Keurig Dr Pepper in the second quarter worth $1,220,000. Envestnet Asset Management Inc. increased its holdings in Keurig Dr Pepper by 11.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,190,929 shares of the company’s stock valued at $73,177,000 after purchasing an additional 229,644 shares during the period. Finally, Parallel Advisors LLC raised its position in Keurig Dr Pepper by 19.7% during the 2nd quarter. Parallel Advisors LLC now owns 14,638 shares of the company’s stock worth $489,000 after purchasing an additional 2,406 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Truist Financial upgraded Keurig Dr Pepper from a “sell” rating to a “hold” rating and upped their price target for the company from $27.00 to $34.00 in a research report on Monday, June 17th. JPMorgan Chase & Co. decreased their target price on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. UBS Group raised their price target on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, June 10th. BNP Paribas started coverage on shares of Keurig Dr Pepper in a research note on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $41.00 target price on shares of Keurig Dr Pepper in a research note on Friday, July 26th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.50.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $37.61 on Monday. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $37.69. The company has a market cap of $50.98 billion, a PE ratio of 24.26, a P/E/G ratio of 2.79 and a beta of 0.62. The stock has a 50-day moving average of $34.85 and a 200-day moving average of $33.21. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the firm posted $0.42 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Friday, September 27th. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s payout ratio is 59.35%.

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.