Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. raised its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 111.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,201 shares of the company’s stock after purchasing an additional 9,051 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Keurig Dr Pepper were worth $648,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in Keurig Dr Pepper by 312.1% in the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after purchasing an additional 643 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Keurig Dr Pepper by 617.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after purchasing an additional 685 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in Keurig Dr Pepper in the second quarter worth about $35,000. Finally, Riverview Trust Co acquired a new stake in shares of Keurig Dr Pepper during the second quarter worth approximately $39,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on KDP. Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Wells Fargo & Company reduced their price objective on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, TD Cowen lifted their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 26th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average target price of $38.36.

Keurig Dr Pepper Stock Down 2.9 %

Shares of KDP stock opened at $32.88 on Wednesday. The firm’s fifty day moving average price is $36.63 and its two-hundred day moving average price is $34.71. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The firm has a market capitalization of $44.57 billion, a P/E ratio of 21.21, a PEG ratio of 2.73 and a beta of 0.62. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the firm posted $0.48 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.23 per share. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.80%. Keurig Dr Pepper’s payout ratio is presently 59.35%.

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.