Keurig Dr Pepper Inc (NYSE:KDP) Holdings Lifted by CSat Investment Advisory L.P.

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CSat Investment Advisory L.P. increased its holdings in shares of Keurig Dr Pepper Inc (NYSE:KDP) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,485 shares of the company’s stock after buying an additional 3,770 shares during the quarter. CSat Investment Advisory L.P.’s holdings in Keurig Dr Pepper were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Rathbone Brothers plc raised its holdings in shares of Keurig Dr Pepper by 1.3% during the 1st quarter. Rathbone Brothers plc now owns 55,201 shares of the company’s stock worth $1,544,000 after acquiring an additional 694 shares during the period. Charter Trust Co. raised its stake in shares of Keurig Dr Pepper by 8.9% during the first quarter. Charter Trust Co. now owns 8,766 shares of the company’s stock worth $245,000 after purchasing an additional 720 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Keurig Dr Pepper by 8.0% during the first quarter. CIBC Asset Management Inc now owns 9,793 shares of the company’s stock worth $274,000 after acquiring an additional 726 shares during the period. MRA Associates USA LLC acquired a new position in Keurig Dr Pepper during the second quarter worth $25,000. Finally, Catalyst Capital Advisors LLC grew its holdings in Keurig Dr Pepper by 91.4% during the second quarter. Catalyst Capital Advisors LLC now owns 1,950 shares of the company’s stock worth $56,000 after acquiring an additional 931 shares during the period. Institutional investors and hedge funds own 19.53% of the company’s stock.

A number of brokerages recently weighed in on KDP. Zacks Investment Research raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Wednesday, June 19th. Royal Bank of Canada set a $31.00 price objective on Keurig Dr Pepper and gave the company a “buy” rating in a research report on Friday, August 9th. Bank of America upped their price objective on Keurig Dr Pepper from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Credit Suisse Group began coverage on Keurig Dr Pepper in a research report on Wednesday, July 17th. They issued a “neutral” rating and a $27.00 price objective on the stock. Finally, Morgan Stanley set a $24.00 price objective on Keurig Dr Pepper and gave the company a “sell” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $30.27.

In related news, insider Mary Beth Denooyer purchased 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average price of $27.99 per share, with a total value of $167,940.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian Andrew Loucks purchased 18,554 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average cost of $28.31 per share, for a total transaction of $525,263.74. The disclosure for this purchase can be found here. In the last three months, insiders purchased 62,727 shares of company stock worth $1,447,441. Company insiders own 0.44% of the company’s stock.

Shares of KDP stock traded down $0.29 during trading hours on Friday, reaching $27.32. The company had a trading volume of 2,785,831 shares, compared to its average volume of 2,297,241. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.23 and a current ratio of 0.33. Keurig Dr Pepper Inc has a twelve month low of $22.19 and a twelve month high of $31.06. The company has a market capitalization of $39.32 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 1.49 and a beta of 0.45. The stock’s fifty day simple moving average is $27.62 and its 200 day simple moving average is $28.13.

Keurig Dr Pepper (NYSE:KDP) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.86 billion. Keurig Dr Pepper had a return on equity of 7.15% and a net margin of 8.82%. Keurig Dr Pepper’s quarterly revenue was up 196.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 EPS. As a group, equities analysts expect that Keurig Dr Pepper Inc will post 1.22 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, October 3rd. Keurig Dr Pepper’s dividend payout ratio (DPR) is 57.69%.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.

Further Reading: How Do Front-End Loads Impact an Investment?

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Institutional Ownership by Quarter for Keurig Dr Pepper (NYSE:KDP)

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