Benjamin Edwards Inc. Purchases 5,253 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Benjamin Edwards Inc. grew its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 77.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,034 shares of the company’s stock after acquiring an additional 5,253 shares during the period. Benjamin Edwards Inc.’s holdings in Keurig Dr Pepper were worth $402,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of KDP. PNC Financial Services Group Inc. grew its holdings in shares of Keurig Dr Pepper by 21.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 182,813 shares of the company’s stock worth $6,091,000 after purchasing an additional 32,703 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of Keurig Dr Pepper by 0.5% during the fourth quarter. Corient Private Wealth LLC now owns 119,643 shares of the company’s stock worth $3,986,000 after acquiring an additional 641 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Keurig Dr Pepper by 608.0% during the fourth quarter. Franklin Resources Inc. now owns 813,578 shares of the company’s stock valued at $27,108,000 after acquiring an additional 698,665 shares during the period. US Bancorp DE boosted its holdings in Keurig Dr Pepper by 0.4% in the fourth quarter. US Bancorp DE now owns 121,107 shares of the company’s stock valued at $4,035,000 after acquiring an additional 503 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in Keurig Dr Pepper in the fourth quarter worth about $239,000. 85.23% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Down 0.1 %

NASDAQ:KDP opened at $37.46 on Friday. The stock has a 50-day simple moving average of $35.37 and a 200 day simple moving average of $33.44. Keurig Dr Pepper Inc. has a 52-week low of $27.66 and a 52-week high of $37.84. The company has a market cap of $50.78 billion, a PE ratio of 24.17, a PEG ratio of 2.79 and a beta of 0.62. 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 (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) 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 company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the company earned $0.42 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, September 27th. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.46%. Keurig Dr Pepper’s payout ratio is currently 59.35%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KDP. Truist Financial upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and lifted their price target for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. Barclays dropped their target price on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Wells Fargo & Company raised their price target on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. JPMorgan Chase & Co. dropped their price objective on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $41.00 target price on shares of Keurig Dr Pepper in a research note on Friday, July 26th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $36.50.

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.