13,689 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC bought a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 13,689 shares of the company’s stock, valued at approximately $457,000.

A number of other institutional investors have also added to or reduced their stakes in KDP. Capital World Investors raised its position in shares of Keurig Dr Pepper by 14.6% in the 4th quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock worth $3,599,652,000 after acquiring an additional 13,738,345 shares in the last quarter. Vanguard Group Inc. raised its holdings in Keurig Dr Pepper by 9.4% in the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock worth $2,786,075,000 after purchasing an additional 7,825,418 shares in the last quarter. Capital International Investors lifted its position in shares of Keurig Dr Pepper by 1.3% during the fourth quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock valued at $1,867,937,000 after buying an additional 730,112 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Keurig Dr Pepper by 107.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock valued at $725,487,000 after buying an additional 12,259,471 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Keurig Dr Pepper by 2.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company’s stock worth $445,648,000 after buying an additional 317,837 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Down 0.5 %

KDP stock opened at $37.83 on Wednesday. The company has a market capitalization of $51.28 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 2.79 and a beta of 0.61. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $38.28. The firm’s fifty day simple moving average is $35.58 and its 200-day simple moving average is $33.62. 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 posted its quarterly earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. As a group, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a $0.23 dividend. The ex-dividend date is Friday, September 27th. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.43%. Keurig Dr Pepper’s payout ratio is presently 59.35%.

Analyst Ratings Changes

KDP has been the subject of a number of analyst reports. Citigroup raised shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and increased their target price for the company from $36.00 to $43.00 in a research report on Monday. Deutsche Bank Aktiengesellschaft raised their price objective on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Monday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 target price on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Barclays lowered their price target on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Finally, Evercore ISI upgraded shares of Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.20.

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.