Quadrant Capital Group LLC Acquires 16,469 Shares of Keurig Dr Pepper, Inc $KDP

Quadrant Capital Group LLC grew its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 178.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 25,687 shares of the company’s stock after purchasing an additional 16,469 shares during the period. Quadrant Capital Group LLC’s holdings in Keurig Dr Pepper were worth $849,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Keurig Dr Pepper by 21.3% during the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company’s stock worth $4,962,338,000 after buying an additional 25,425,644 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Keurig Dr Pepper by 108.1% during 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of Keurig Dr Pepper by 13.5% in the 2nd 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 in the last quarter. Franklin Resources Inc. raised its holdings in shares of Keurig Dr Pepper by 404.3% in the second quarter. Franklin Resources Inc. now owns 3,852,030 shares of the company’s stock valued at $127,348,000 after purchasing an additional 3,088,121 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of Keurig Dr Pepper by 981.3% in 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 purchasing an additional 2,282,050 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on KDP. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Friday, October 31st. JPMorgan Chase & Co. cut their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Monday, October 20th. Bank of America decreased their price target on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Finally, UBS Group restated a “buy” rating and issued a $35.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $35.27.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $27.91 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The company has a market cap of $37.91 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The firm’s 50-day simple moving average is $26.79 and its two-hundred day simple moving average is $30.42.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. Research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared 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 was Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. Keurig Dr Pepper’s payout ratio is 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.