Aurora Investment Counsel Acquires New Shares in Keurig Dr Pepper, Inc $KDP

Aurora Investment Counsel bought a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 4th quarter, HoldingsChannel reports. The firm bought 24,054 shares of the company’s stock, valued at approximately $674,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Keurig Dr Pepper by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 160,958,816 shares of the company’s stock valued at $4,508,456,000 after purchasing an additional 1,538,456 shares in the last quarter. State Street Corp increased its holdings in Keurig Dr Pepper by 1.6% in the 3rd quarter. State Street Corp now owns 64,594,706 shares of the company’s stock worth $1,662,361,000 after buying an additional 986,700 shares in the last quarter. Geode Capital Management LLC raised its position in Keurig Dr Pepper by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 31,802,056 shares of the company’s stock worth $887,021,000 after buying an additional 1,187,457 shares during the last quarter. Morgan Stanley raised its position in Keurig Dr Pepper by 3.0% in the 4th quarter. Morgan Stanley now owns 25,357,596 shares of the company’s stock worth $710,266,000 after buying an additional 730,864 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Keurig Dr Pepper by 3.3% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,247,485 shares of the company’s stock valued at $595,142,000 after acquiring an additional 688,519 shares during the period. Institutional investors own 93.99% of the company’s stock.

Analyst Ratings Changes

KDP has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Barclays increased their price objective on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, April 27th. Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. JPMorgan Chase & Co. lifted their target price on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Keurig Dr Pepper has an average rating of “Hold” and an average target price of $32.00.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $31.71 on Friday. The firm’s 50 day moving average price is $28.52 and its 200-day moving average price is $28.25. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $43.14 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 1.45 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter last year, the firm posted $0.42 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.9%. Keurig Dr Pepper’s payout ratio is presently 68.15%.

About Keurig Dr Pepper

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.