IFM Investors Pty Ltd Buys 32,606 Shares of Keurig Dr Pepper, Inc $KDP

IFM Investors Pty Ltd increased its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 10.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 341,885 shares of the company’s stock after purchasing an additional 32,606 shares during the period. IFM Investors Pty Ltd’s holdings in Keurig Dr Pepper were worth $9,002,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its position 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 acquiring an additional 3,627 shares during the last quarter. Empowered Funds LLC boosted its position 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 last quarter. Woodline Partners LP boosted its position in Keurig Dr Pepper by 49.2% in 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 during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Keurig Dr Pepper during the 2nd quarter valued at about $328,000. Finally, Jump Financial LLC grew its stake in shares of Keurig Dr Pepper by 253.6% during the 2nd quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock valued at $2,516,000 after purchasing an additional 54,571 shares during the period. Institutional investors own 93.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KDP shares. The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, March 30th. JPMorgan Chase & Co. increased their price target on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Evercore set a $30.00 price target on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Hold” and an average target price of $32.40.

Keurig Dr Pepper Stock Performance

KDP opened at $33.30 on Friday. The company has a 50 day simple moving average of $30.20 and a two-hundred day simple moving average of $28.60. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The firm has a market cap of $45.31 billion, a P/E ratio of 24.67, a PEG ratio of 1.52 and a beta of 0.39. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 2.8%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 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.