UniSuper Management Pty Ltd Purchases 26,403 Shares of Keurig Dr Pepper, Inc $KDP

UniSuper Management Pty Ltd boosted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 23.2% during the 3rd quarter, Holdings Channel reports. The firm owned 140,425 shares of the company’s stock after acquiring an additional 26,403 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Keurig Dr Pepper were worth $3,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of KDP. NewSquare Capital LLC boosted its stake in Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after buying an additional 386 shares during the period. Chung Wu Investment Group LLC purchased a new position in Keurig Dr Pepper in the second quarter valued at $26,000. AlphaCore Capital LLC acquired a new position in shares of Keurig Dr Pepper during the second quarter worth about $26,000. Root Financial Partners LLC purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at approximately $26,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after buying an additional 1,023 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Ratings Changes

KDP has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Bank of America cut their price objective on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Friday, October 31st. Wells Fargo & Company boosted their price objective on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Finally, TD Cowen reissued a “hold” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 1st. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and an average target price of $34.87.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the vice president directly owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. This represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Down 0.2%

Shares of NASDAQ KDP opened at $27.70 on Tuesday. The stock has a market capitalization of $37.63 billion, a PE ratio of 23.88, a P/E/G ratio of 1.91 and a beta of 0.34. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average of $28.00 and a 200-day moving average of $28.94. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. On average, analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, January 2nd. Keurig Dr Pepper’s dividend payout ratio is 79.31%.

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.