Barden Capital Management Inc. Acquires 771 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Barden Capital Management Inc. increased its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,483 shares of the company’s stock after buying an additional 771 shares during the period. Barden Capital Management Inc.’s holdings in Keurig Dr Pepper were worth $1,480,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KDP. Allspring Global Investments Holdings LLC lifted its position in shares of Keurig Dr Pepper by 5.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock worth $574,146,000 after purchasing an additional 730,297 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Keurig Dr Pepper by 11.1% during the third quarter. Raymond James & Associates now owns 1,359,383 shares of the company’s stock valued at $50,950,000 after acquiring an additional 135,409 shares during the period. Blue Trust Inc. boosted its holdings in Keurig Dr Pepper by 343.6% in the third quarter. Blue Trust Inc. now owns 3,766 shares of the company’s stock valued at $141,000 after acquiring an additional 2,917 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in Keurig Dr Pepper by 4.5% in the third quarter. V Square Quantitative Management LLC now owns 21,757 shares of the company’s stock valued at $815,000 after acquiring an additional 929 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Keurig Dr Pepper by 1.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 130,283 shares of the company’s stock worth $4,883,000 after purchasing an additional 1,392 shares during the period. Institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on KDP shares. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 target price on shares of Keurig Dr Pepper in a report on Friday, July 26th. TD Cowen increased their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, September 26th. Finally, Citigroup raised Keurig Dr Pepper from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $43.00 in a research note on Monday, September 23rd. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.21.

Keurig Dr Pepper Trading Up 1.2 %

NASDAQ:KDP opened at $36.94 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. The business’s 50-day simple moving average is $36.64 and its 200-day simple moving average is $34.49. Keurig Dr Pepper Inc. has a fifty-two week low of $28.32 and a fifty-two week high of $38.28. The stock has a market capitalization of $50.07 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 2.73 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. Sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Friday, September 27th. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio is 59.35%.

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.