Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 318.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,002 shares of the company’s stock after purchasing an additional 28,166 shares during the quarter. Intech Investment Management LLC’s holdings in Keurig Dr Pepper were worth $1,236,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. increased its position in Keurig Dr Pepper by 617.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after purchasing an additional 685 shares in the last quarter. Blue Trust Inc. increased its position in shares of Keurig Dr Pepper by 312.1% in the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after acquiring an additional 643 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of Keurig Dr Pepper by 51.5% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after acquiring an additional 301 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter valued at $35,000. Finally, Riverview Trust Co purchased a new stake in Keurig Dr Pepper during the 2nd quarter worth $39,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on 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. Deutsche Bank Aktiengesellschaft upped their price target on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Monday. Royal Bank of Canada reiterated an “outperform” rating and set a $41.00 price objective on shares of Keurig Dr Pepper in a research note on Friday, July 26th. BNP Paribas started coverage on shares of Keurig Dr Pepper in a research note on Monday, June 24th. They issued a “neutral” rating and a $36.00 target price for the company. Finally, Wells Fargo & Company lifted their price target on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.20.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $37.83 on Wednesday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $51.28 billion, a price-to-earnings 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 twelve month low of $27.66 and a twelve month high of $38.28. The business has a 50 day simple moving average of $35.47 and a 200-day simple moving average of $33.56.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate 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 analyst estimates of $3.91 billion. During the same quarter in the previous year, the firm earned $0.42 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The firm also recently announced 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 of this dividend is Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.43%. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 59.35%.

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.