WINTON GROUP Ltd Takes Position in Keurig Dr Pepper, Inc $KDP

WINTON GROUP Ltd bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 102,900 shares of the company’s stock, valued at approximately $3,402,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in shares of Keurig Dr Pepper in the 1st quarter worth approximately $25,000. Chung Wu Investment Group LLC bought a new stake in Keurig Dr Pepper during the second quarter worth approximately $26,000. NewSquare Capital LLC boosted its holdings in Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after buying an additional 386 shares in the last quarter. AlphaCore Capital LLC acquired a new position in Keurig Dr Pepper in the second quarter worth approximately $26,000. Finally, WPG Advisers LLC bought a new position in shares of Keurig Dr Pepper in the first quarter valued at $43,000. 93.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group reissued a “buy” rating and set a $35.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Wells Fargo & Company increased their price target on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. TD Cowen dropped their price target on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. Piper Sandler reduced their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, August 26th. Ten equities research 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $35.27.

Keurig Dr Pepper Stock Up 1.1%

Keurig Dr Pepper stock opened at $29.00 on Tuesday. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $36.12. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.38 and a current ratio of 0.62. The firm has a market cap of $39.40 billion, a PE ratio of 25.00, a P/E/G ratio of 1.85 and a beta of 0.35. The firm’s 50 day moving average price is $27.10 and its two-hundred day moving average price is $30.21.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the previous year, the company posted $0.51 EPS. Keurig Dr Pepper’s revenue was up 10.7% on a year-over-year basis. On average, research analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio 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.