ClariVest Asset Management LLC cut its stake in Keurig Dr Pepper Inc (NYSE:KDP) by 6.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 648,828 shares of the company’s stock after selling 45,371 shares during the period. ClariVest Asset Management LLC’s holdings in Keurig Dr Pepper were worth $18,147,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of Montreal Can lifted its stake in Keurig Dr Pepper by 0.6% during the 4th quarter. Bank of Montreal Can now owns 73,771 shares of the company’s stock valued at $1,892,000 after acquiring an additional 476 shares during the period. Parallel Advisors LLC increased its holdings in Keurig Dr Pepper by 30.8% in the 1st quarter. Parallel Advisors LLC now owns 2,317 shares of the company’s stock worth $65,000 after acquiring an additional 546 shares in the last quarter. Rathbone Brothers plc increased its holdings in Keurig Dr Pepper by 1.3% in the 1st quarter. Rathbone Brothers plc now owns 55,201 shares of the company’s stock worth $1,544,000 after acquiring an additional 694 shares in the last quarter. Charter Trust Co. boosted its stake in Keurig Dr Pepper by 8.9% during the 1st quarter. Charter Trust Co. now owns 8,766 shares of the company’s stock worth $245,000 after purchasing an additional 720 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Keurig Dr Pepper by 8.0% during the 1st quarter. CIBC Asset Management Inc now owns 9,793 shares of the company’s stock worth $274,000 after purchasing an additional 726 shares during the last quarter. Institutional investors and hedge funds own 14.27% of the company’s stock.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Wednesday, June 19th. BMO Capital Markets lifted their target price on shares of Keurig Dr Pepper from $25.00 to $27.00 and gave the stock a “market perform” rating in a research note on Friday, May 10th. Morgan Stanley cut shares of Keurig Dr Pepper from an “equal weight” rating to an “underweight” rating and set a $27.30 target price on the stock. in a research note on Thursday, April 11th. Finally, Barclays reissued a “buy” rating and set a $31.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.95.
Shares of KDP stock traded up $0.58 during trading hours on Monday, reaching $29.48. 4,028,700 shares of the stock were exchanged, compared to its average volume of 2,585,548. The stock has a market cap of $41.01 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 1.55 and a beta of 0.46. Keurig Dr Pepper Inc has a 12-month low of $20.46 and a 12-month high of $124.36. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.32 and a quick ratio of 0.23. The stock has a fifty day moving average price of $29.06.
Keurig Dr Pepper (NYSE:KDP) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.54 billion. Keurig Dr Pepper had a net margin of 9.39% and a return on equity of 8.95%. Keurig Dr Pepper’s quarterly revenue was up 164.1% compared to the same quarter last year. As a group, research analysts predict that Keurig Dr Pepper Inc will post 1.22 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, July 3rd. Keurig Dr Pepper’s payout ratio is 57.69%.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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