Nisa Investment Advisors LLC Raises Position in Keurig Dr Pepper Inc (NYSE:KDP)

Nisa Investment Advisors LLC grew its holdings in shares of Keurig Dr Pepper Inc (NYSE:KDP) by 9.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,265 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Keurig Dr Pepper were worth $1,713,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in Keurig Dr Pepper by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 691,726 shares of the company’s stock worth $17,736,000 after purchasing an additional 10,123 shares during the last quarter. Norges Bank purchased a new position in Keurig Dr Pepper in the fourth quarter worth about $36,626,000. Geode Capital Management LLC boosted its position in Keurig Dr Pepper by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,503,573 shares of the company’s stock worth $38,551,000 after purchasing an additional 77,402 shares during the last quarter. Deutsche Bank AG boosted its position in Keurig Dr Pepper by 0.4% in the fourth quarter. Deutsche Bank AG now owns 787,978 shares of the company’s stock worth $20,201,000 after purchasing an additional 3,506 shares during the last quarter. Finally, First Hawaiian Bank boosted its position in Keurig Dr Pepper by 83.7% in the first quarter. First Hawaiian Bank now owns 27,038 shares of the company’s stock worth $756,000 after purchasing an additional 12,318 shares during the last quarter. 14.25% of the stock is currently owned by institutional investors.

Shares of KDP stock traded down $0.05 during trading hours on Friday, reaching $28.10. 2,398,399 shares of the company traded hands, compared to its average volume of 2,157,386. Keurig Dr Pepper Inc has a 12-month low of $22.19 and a 12-month high of $31.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.23 and a current ratio of 0.32. The stock has a market cap of $39.58 billion, a P/E ratio of 27.02, a P/E/G ratio of 1.51 and a beta of 0.46. The stock’s 50-day moving average price is $28.95.

Keurig Dr Pepper (NYSE:KDP) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. Keurig Dr Pepper had a return on equity of 8.95% and a net margin of 9.39%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.54 billion. The firm’s revenue was up 164.1% on a year-over-year basis. Sell-side analysts expect that Keurig Dr Pepper Inc will post 1.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were issued a $0.15 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.14%. Keurig Dr Pepper’s dividend payout ratio is presently 57.69%.

In related news, major shareholder Holdings B.V. Maple sold 11,110,216 shares of the business’s stock in a transaction that occurred on Monday, May 27th. The stock was sold at an average price of $27.82, for a total value of $309,086,209.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert S. Singer purchased 2,000 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was acquired at an average cost of $28.98 per share, for a total transaction of $57,960.00. The disclosure for this purchase can be found here. 0.44% of the stock is currently owned by insiders.

Several research analysts have issued reports on the company. Credit Suisse Group assumed coverage on Keurig Dr Pepper in a research report on Wednesday, July 17th. They issued a “neutral” rating and a $27.00 target price on the stock. ValuEngine raised Keurig Dr Pepper from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Zacks Investment Research raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Wednesday, June 19th. BMO Capital Markets raised Keurig Dr Pepper from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $27.00 to $34.00 in a research report on Monday, June 17th. Finally, Morgan Stanley cut Keurig Dr Pepper from an “equal weight” rating to an “underweight” rating and set a $27.30 price objective on the stock. in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $29.08.

About Keurig Dr Pepper

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.

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Institutional Ownership by Quarter for Keurig Dr Pepper (NYSE:KDP)

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