Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 15.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,827 shares of the company’s stock after purchasing an additional 3,906 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Keurig Dr Pepper were worth $1,080,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kings Path Partners LLC grew its holdings in Keurig Dr Pepper by 52.1% in the third quarter. Kings Path Partners LLC now owns 30,029 shares of the company’s stock valued at $1,125,000 after purchasing an additional 10,288 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Keurig Dr Pepper by 297.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,415 shares of the company’s stock valued at $242,000 after purchasing an additional 4,800 shares during the last quarter. Tobam grew its stake in shares of Keurig Dr Pepper by 1,424.0% during the 3rd quarter. Tobam now owns 32,203 shares of the company’s stock valued at $1,207,000 after buying an additional 30,090 shares during the period. UMB Bank n.a. increased its holdings in shares of Keurig Dr Pepper by 34.8% during the 3rd quarter. UMB Bank n.a. now owns 4,025 shares of the company’s stock worth $151,000 after buying an additional 1,039 shares during the last quarter. Finally, USA Financial Formulas increased its holdings in shares of Keurig Dr Pepper by 446.0% during the 3rd quarter. USA Financial Formulas now owns 37,317 shares of the company’s stock worth $1,399,000 after buying an additional 30,482 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KDP. TD Cowen boosted their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Barclays boosted their target price on Keurig Dr Pepper from $37.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Citigroup upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and raised their price target for the company from $36.00 to $43.00 in a report on Monday, September 23rd. Evercore ISI upgraded shares of Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.21.

Keurig Dr Pepper Stock Down 0.8 %

Shares of NASDAQ KDP opened at $36.64 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. Keurig Dr Pepper Inc. has a 1 year low of $28.32 and a 1 year high of $38.28. The stock’s 50-day simple moving average is $36.56 and its 200-day simple moving average is $34.38. The firm has a market cap of $49.67 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 2.73 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.91 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. Keurig Dr Pepper’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS. As a group, equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.51%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is 59.35%.

About Keurig Dr Pepper

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.