Yousif Capital Management LLC Buys 13,418 Shares of Keurig Dr Pepper, Inc $KDP

Yousif Capital Management LLC boosted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 8.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 164,351 shares of the company’s stock after buying an additional 13,418 shares during the quarter. Yousif Capital Management LLC’s holdings in Keurig Dr Pepper were worth $5,433,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in Keurig Dr Pepper during the first quarter valued at approximately $25,000. Chung Wu Investment Group LLC bought a new stake in Keurig Dr Pepper during the second quarter valued at approximately $26,000. WPG Advisers LLC bought a new stake in Keurig Dr Pepper during the first quarter valued at approximately $43,000. Continuum Advisory LLC grew its position in Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock valued at $46,000 after buying an additional 602 shares during the period. Finally, Global Trust Asset Management LLC bought a new stake in Keurig Dr Pepper during the first quarter valued at approximately $48,000. 93.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. BNP Paribas Exane lowered shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Barclays lowered shares of Keurig Dr Pepper from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $39.00 to $26.00 in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, August 26th. HSBC reiterated a “hold” rating and issued a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. Finally, The Goldman Sachs Group dropped their price target on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. Eleven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $35.00.

Keurig Dr Pepper Price Performance

KDP stock opened at $26.69 on Wednesday. Keurig Dr Pepper, Inc has a one year low of $25.03 and a one year high of $37.27. The company’s fifty day moving average price is $29.12 and its 200-day moving average price is $32.13. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The company has a market capitalization of $36.26 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 1.46 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, September 26th. Keurig Dr Pepper’s payout ratio is 82.14%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the sale, the insider owned 82,511 shares of the company’s stock, valued at $2,777,320.26. This represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert James Gamgort sold 208,000 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the sale, the director directly owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. The trade was a 8.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 435,601 shares of company stock worth $14,421,512 in the last three months. Insiders own 1.00% of the company’s stock.

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.