Keurig Dr Pepper, Inc $KDP Holdings Reduced by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 77.4% in the 4th quarter, HoldingsChannel reports. The fund owned 62,853 shares of the company’s stock after selling 214,892 shares during the period. Intech Investment Management LLC’s holdings in Keurig Dr Pepper were worth $1,761,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Auxier Asset Management boosted its holdings in shares of Keurig Dr Pepper by 0.4% in the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after acquiring an additional 318 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Keurig Dr Pepper by 3.0% in the fourth quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock valued at $383,000 after acquiring an additional 405 shares in the last quarter. BOKF NA boosted its stake in Keurig Dr Pepper by 44.1% during the 3rd quarter. BOKF NA now owns 1,388 shares of the company’s stock valued at $35,000 after purchasing an additional 425 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Keurig Dr Pepper by 71.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 484 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in Keurig Dr Pepper by 0.9% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 57,687 shares of the company’s stock valued at $1,472,000 after purchasing an additional 493 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KDP has been the subject of a number of research reports. Barclays increased their price target on Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, April 27th. Evercore set a $30.00 target price on Keurig Dr Pepper in a research note on Friday, April 24th. Citigroup decreased their target price on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Hold” and a consensus price target of $31.57.

Keurig Dr Pepper Trading Down 1.6%

Shares of NASDAQ:KDP opened at $30.06 on Friday. The stock has a market capitalization of $40.90 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 1.40 and a beta of 0.41. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. The company has a 50 day moving average price of $27.92 and a 200 day moving average price of $28.09.

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

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) 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.