Axa S.A. Has $12.54 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Axa S.A. boosted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 79.0% in the second quarter, Holdings Channel reports. The institutional investor owned 375,538 shares of the company’s stock after acquiring an additional 165,779 shares during the quarter. Axa S.A.’s holdings in Keurig Dr Pepper were worth $12,543,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Farmers & Merchants Investments Inc. raised its holdings in shares of Keurig Dr Pepper by 51.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after acquiring an additional 301 shares in the last quarter. Federated Hermes Inc. grew its stake in Keurig Dr Pepper by 21.8% in the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock valued at $59,000 after purchasing an additional 314 shares in the last quarter. Morningstar Investment Management LLC increased its position in Keurig Dr Pepper by 1.1% in the 4th quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock worth $1,051,000 after purchasing an additional 328 shares during the last quarter. Mather Group LLC. raised its stake in shares of Keurig Dr Pepper by 29.0% during the 2nd quarter. Mather Group LLC. now owns 1,742 shares of the company’s stock worth $53,000 after purchasing an additional 392 shares in the last quarter. Finally, Mckinley Capital Management LLC lifted its holdings in shares of Keurig Dr Pepper by 1.6% during the 1st quarter. Mckinley Capital Management LLC now owns 37,112 shares of the company’s stock valued at $1,138,000 after buying an additional 595 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Down 0.3 %

Shares of KDP stock opened at $37.42 on Friday. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $38.28. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. The firm has a market cap of $50.74 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 2.86 and a beta of 0.62. The stock has a 50 day moving average of $35.84 and a 200-day moving average of $33.73.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the firm earned $0.42 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.46%. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 27th. Keurig Dr Pepper’s payout ratio is currently 55.48%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. BNP Paribas began coverage on shares of Keurig Dr Pepper in a research note on Monday, June 24th. They set a “neutral” rating and a $36.00 price target on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $41.00 price objective on shares of Keurig Dr Pepper in a research note on Friday, July 26th. JPMorgan Chase & Co. lowered their target price on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Finally, Citigroup raised Keurig Dr Pepper from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $43.00 in a research report on Monday, September 23rd. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average price target of $37.53.

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.