Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Hamlin Capital Management LLC

by · The Markets Daily

Hamlin Capital Management LLC increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP – Free Report) by 25.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,317,408 shares of the company’s stock after purchasing an additional 669,568 shares during the quarter. Keurig Dr Pepper accounts for about 3.1% of Hamlin Capital Management LLC’s investment portfolio, making the stock its 23rd largest holding. Hamlin Capital Management LLC owned approximately 0.24% of Keurig Dr Pepper worth $124,336,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. boosted its position in shares of 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 buying an additional 685 shares during the period. Blue Trust Inc. grew its position in Keurig Dr Pepper by 312.1% in the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after acquiring an additional 643 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of Keurig Dr Pepper by 51.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after purchasing an additional 301 shares during the period. Hexagon Capital Partners LLC lifted its position in shares of Keurig Dr Pepper by 105.6% during the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in shares of Keurig Dr Pepper in the second quarter valued at $35,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Down 1.0 %

NASDAQ:KDP opened at $34.58 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average of $36.73 and a 200-day moving average of $34.64. The firm has a market capitalization of $46.88 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 2.73 and a beta of 0.62. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 EPS. Analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.23 dividend. The ex-dividend date was Friday, September 27th. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.66%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 59.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KDP shares. Royal Bank of Canada boosted their price objective on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. reduced their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Friday. TD Cowen lifted their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, September 26th. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Finally, Citigroup dropped their price target on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.50.

Check Out Our Latest Stock Report on KDP

Keurig Dr Pepper Profile

(Free Report)

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.

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