Plato Investment Management Ltd Invests $1.50 Million in Keurig Dr Pepper, Inc $KDP

Plato Investment Management Ltd bought a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 46,101 shares of the company’s stock, valued at approximately $1,500,000.

A number of other large investors also recently bought and sold shares of the business. NewEdge Advisors LLC increased its position in shares of Keurig Dr Pepper by 30.6% in the first quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock valued at $530,000 after buying an additional 3,627 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Keurig Dr Pepper by 248.0% during the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after buying an additional 49,741 shares during the period. Woodline Partners LP lifted its position in shares of Keurig Dr Pepper by 49.2% during the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock valued at $3,452,000 after buying an additional 33,258 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Keurig Dr Pepper during the 2nd quarter valued at approximately $328,000. Finally, Jump Financial LLC grew its stake in Keurig Dr Pepper by 253.6% in the 2nd quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock valued at $2,516,000 after acquiring an additional 54,571 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on KDP shares. JPMorgan Chase & Co. boosted their price target on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a report on Wednesday, April 22nd. Barclays lifted their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Sanford C. Bernstein set a $39.00 price target on shares of Keurig Dr Pepper in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, August 4th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.75.

Keurig Dr Pepper Stock Down 3.7%

NASDAQ KDP opened at $30.28 on Tuesday. The business has a fifty day moving average price of $31.16 and a 200 day moving average price of $29.25. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. The company has a market cap of $41.21 billion, a P/E ratio of 30.59, a P/E/G ratio of 1.40 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same quarter last year, the firm posted $0.49 EPS. The firm’s revenue for the quarter was up 75.6% on a year-over-year basis. Research analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 92.93%.

Keurig Dr Pepper Company Profile

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.