True Vision MN LLC Invests $389,000 in Keurig Dr Pepper Inc. (NASDAQ:KDP)

True Vision MN LLC bought a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,585 shares of the company’s stock, valued at approximately $389,000.

Several other institutional investors have also recently made changes to their positions in KDP. Capital World Investors lifted its holdings in Keurig Dr Pepper by 14.6% during the 4th 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 holdings in Keurig Dr Pepper by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock valued at $2,786,075,000 after buying an additional 7,825,418 shares in the last quarter. Capital International Investors lifted its holdings in Keurig Dr Pepper by 1.3% during the 4th quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock valued at $1,867,937,000 after buying an additional 730,112 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Keurig Dr Pepper by 107.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock valued at $725,487,000 after buying an additional 12,259,471 shares in the last quarter. Finally, Norges Bank bought a new stake in Keurig Dr Pepper during the 4th quarter valued at about $317,979,000. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Up 0.4 %

NASDAQ KDP opened at $37.50 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. The firm has a market cap of $50.83 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.79 and a beta of 0.62. The company has a 50 day moving average price of $35.06 and a 200 day moving average price of $33.32. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $37.84.

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

Keurig Dr Pepper Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Friday, September 27th. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s payout ratio is 59.35%.

Analyst Ratings Changes

A number of brokerages recently weighed in on KDP. UBS Group lifted their price objective on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a report on Monday, June 10th. Barclays decreased their price objective on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Royal Bank of Canada reissued an “outperform” rating and set a $41.00 target price on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Finally, BNP Paribas started coverage on shares of Keurig Dr Pepper in a research report on Monday, June 24th. They set a “neutral” rating and a $36.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.50.

Keurig Dr Pepper Company 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.