Auxier Asset Management Has $2.23 Million Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Auxier Asset Management reduced its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 13.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,604 shares of the company’s stock after selling 10,345 shares during the period. Auxier Asset Management’s holdings in Keurig Dr Pepper were worth $2,225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of KDP. PNC Financial Services Group Inc. increased its position in shares of Keurig Dr Pepper by 21.8% during the 4th 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 in the last quarter. Corient Private Wealth LLC raised its stake in shares of Keurig Dr Pepper by 0.5% in the fourth quarter. Corient Private Wealth LLC now owns 119,643 shares of the company’s stock valued at $3,986,000 after acquiring an additional 641 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Keurig Dr Pepper by 608.0% in the 4th quarter. Franklin Resources Inc. now owns 813,578 shares of the company’s stock worth $27,108,000 after acquiring an additional 698,665 shares in the last quarter. US Bancorp DE grew its position in Keurig Dr Pepper by 0.4% during the 4th quarter. US Bancorp DE now owns 121,107 shares of the company’s stock worth $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 during the 4th quarter valued at $239,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Down 0.1 %

NASDAQ:KDP opened at $37.46 on Friday. The firm has a market capitalization of $50.78 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 2.79 and a beta of 0.62. Keurig Dr Pepper Inc. has a 1-year low of $27.66 and a 1-year high of $37.84. The business’s 50-day moving average price is $35.37 and its two-hundred day moving average price is $33.44. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The business 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%. Keurig Dr Pepper’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. On average, equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have commented on KDP shares. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $27.00 to $34.00 in a research note on Monday, June 17th. Royal Bank of Canada restated an “outperform” rating and issued a $41.00 price objective on shares of Keurig Dr Pepper in a research report on Friday, July 26th. 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 note on Friday, July 19th. JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Finally, BNP Paribas assumed coverage on shares of Keurig Dr Pepper in a research report on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus price target of $36.50.

Keurig Dr Pepper Company 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.