Candriam S.C.A. Boosts Stock Position in Keurig Dr Pepper, Inc $KDP

Candriam S.C.A. raised its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 91.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 250,278 shares of the company's stock after acquiring an additional 119,723 shares during the quarter. Candriam S.C.A.'s holdings in Keurig Dr Pepper were worth $8,275,000 as of its most recent filing with the Securities & Exchange Commission.

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Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Keurig Dr Pepper by 21.3% in the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company's stock worth $4,962,338,000 after purchasing an additional 25,425,644 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Keurig Dr Pepper by 108.1% in the 1st quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company's stock worth $1,330,565,000 after acquiring an additional 20,196,835 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Keurig Dr Pepper by 13.5% during the second quarter. Geode Capital Management LLC now owns 30,217,363 shares of the company's stock worth $994,275,000 after acquiring an additional 3,595,579 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Keurig Dr Pepper by 981.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,514,608 shares of the company's stock valued at $86,050,000 after acquiring an additional 2,282,050 shares in the last quarter. Finally, Seven Grand Managers LLC purchased a new stake in shares of Keurig Dr Pepper in the first quarter valued at approximately $51,330,000. 93.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Robert James Gamgort sold 7,601 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the transaction, the director directly owned 2,284,568 shares in the company, valued at $82,038,836.88. The trade was a 0.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

• Keurig Dr Pepper in the Buy Zone: It's Time to Build a Position

Several research analysts have commented on KDP shares. Jefferies Financial Group set a $41.00 price objective on Keurig Dr Pepper in a report on Monday, August 25th. HSBC restated a "hold" rating and set a $30.00 price target (down previously from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. The Goldman Sachs Group dropped their target price on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a "neutral" rating on the stock in a report on Thursday, October 2nd. Bank of America cut their target price on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a "buy" rating on the stock in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an "overweight" rating for the company in a research report on Monday, October 20th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Keurig Dr Pepper has a consensus rating of "Hold" and an average price target of $35.27.

Read Our Latest Stock Analysis on KDP

Keurig Dr Pepper Stock Performance

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KDP stock opened at $27.13 on Friday. Keurig Dr Pepper, Inc has a one year low of $25.03 and a one year high of $36.12. The firm has a market cap of $36.86 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 1.75 and a beta of 0.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.40 and a current ratio of 0.62. The firm has a 50-day simple moving average of $26.77 and a two-hundred day simple moving average of $30.92.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Monday, October 27th. The company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. Keurig Dr Pepper's revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 EPS. On average, equities analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.4%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 79.31%.

Keurig Dr Pepper 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.

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