Thurston Springer Miller Herd & Titak Inc. Purchases Shares of 5,875 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,875 shares of the company’s stock, valued at approximately $196,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of KDP. Capital World Investors lifted its stake in Keurig Dr Pepper by 14.6% during the fourth quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after buying an additional 13,738,345 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Keurig Dr Pepper by 9.4% in the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock worth $2,786,075,000 after purchasing an additional 7,825,418 shares in the last quarter. Capital International Investors lifted its position in shares of Keurig Dr Pepper by 1.3% in the fourth quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock worth $1,867,937,000 after purchasing an additional 730,112 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Keurig Dr Pepper by 107.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock worth $725,487,000 after purchasing an additional 12,259,471 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Keurig Dr Pepper by 11.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock worth $506,899,000 after purchasing an additional 1,518,286 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Matthew Andrew Archambault sold 8,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total transaction of $273,520.00. Following the completion of the transaction, the insider now directly owns 12,565 shares in the company, valued at approximately $429,597.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP traded up $0.18 during midday trading on Tuesday, reaching $34.48. The company’s stock had a trading volume of 7,509,866 shares, compared to its average volume of 9,262,380. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $35.53. The company has a market capitalization of $46.74 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.60 and a beta of 0.62. 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 fifty day simple moving average is $33.65 and its 200-day simple moving average is $32.22.

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

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a $0.215 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.86 dividend on an annualized basis and a yield of 2.49%. Keurig Dr Pepper’s payout ratio is 55.48%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and increased their price target for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. UBS Group increased their price objective on Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Wells Fargo & Company increased their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Royal Bank of Canada restated an “outperform” rating and issued a $41.00 price objective on shares of Keurig Dr Pepper in a report on Friday, July 26th. Finally, TD Cowen increased their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.50.

About Keurig Dr Pepper

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.