Dimensional Fund Advisors LP Has $252.41 Million Position in Keurig Dr Pepper, Inc $KDP

Dimensional Fund Advisors LP grew its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,585,791 shares of the company’s stock after acquiring an additional 103,505 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Keurig Dr Pepper were worth $252,408,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. NewEdge Advisors LLC grew its holdings in Keurig Dr Pepper by 30.6% during the first quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock valued at $530,000 after purchasing an additional 3,627 shares during the period. Empowered Funds LLC raised its holdings in Keurig Dr Pepper by 248.0% in the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after purchasing an additional 49,741 shares during the period. Woodline Partners LP boosted its position in shares of Keurig Dr Pepper by 49.2% during the first quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after purchasing an additional 33,258 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Keurig Dr Pepper during the second quarter worth $328,000. Finally, Jump Financial LLC grew its holdings in shares of Keurig Dr Pepper by 253.6% in the 2nd quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock valued at $2,516,000 after buying an additional 54,571 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KDP has been the subject of a number of recent analyst reports. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a research report on Friday, April 24th. Barclays raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $30.00 to $36.00 in a research note on Thursday, June 25th. BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Finally, Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.07.

Keurig Dr Pepper Stock Down 0.0%

Shares of KDP stock opened at $30.20 on Thursday. The firm has a fifty day moving average of $30.87 and a 200-day moving average of $28.89. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94. The company has a market capitalization of $41.09 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 1.38 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $0.42 earnings per share. As a group, equities research analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio is 68.15%.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.