Keurig Dr Pepper Inc. (NASDAQ:KDP) Inventory Place Lifted by JPMorgan Chase & Co.

Keurig Dr Pepper Inc. (NASDAQ:KDP) Inventory Place Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP – Free Report) by 14.4% within the 2nd quarter, based on the corporate in its most up-to-date disclosure with the SEC. The institutional investor owned 14,815,111 shares of the corporate’s inventory after buying a further 1,865,859 shares throughout the quarter. JPMorgan Chase & Co. owned 1.06% of Keurig Dr Pepper value $463,269,000 as of its most up-to-date submitting with the SEC.

Different institutional buyers and hedge funds additionally just lately modified their holdings of the corporate. Moneta Group Funding Advisors LLC lifted its holdings in shares of Keurig Dr Pepper by 99,740.8% within the fourth quarter. Moneta Group Funding Advisors LLC now owns 324,915,003 shares of the corporate’s inventory valued at $11,586,469,000 after shopping for a further 324,589,570 shares throughout the interval. BlackRock Inc. lifted its holdings in shares of Keurig Dr Pepper by 1.1% within the first quarter. BlackRock Inc. now owns 68,972,718 shares of the corporate’s inventory valued at $2,433,358,000 after shopping for a further 749,695 shares throughout the interval. FMR LLC lifted its holdings in shares of Keurig Dr Pepper by 14.5% within the first quarter. FMR LLC now owns 50,195,232 shares of the corporate’s inventory valued at $1,770,888,000 after shopping for a further 6,338,412 shares throughout the interval. Vanguard Group Inc. lifted its holdings in shares of Keurig Dr Pepper by 8.5% within the first quarter. Vanguard Group Inc. now owns 49,026,596 shares of the corporate’s inventory valued at $1,858,108,000 after shopping for a further 3,853,922 shares throughout the interval. Lastly, Wellington Administration Group LLP lifted its holdings in shares of Keurig Dr Pepper by 32.1% within the first quarter. Wellington Administration Group LLP now owns 39,827,389 shares of the corporate’s inventory valued at $1,405,110,000 after shopping for a further 9,685,210 shares throughout the interval. Institutional buyers personal 52.29% of the corporate’s inventory.

Keurig Dr Pepper Inventory Up 1.6 %

Shares of Keurig Dr Pepper inventory opened at $32.41 on Friday. The inventory has a 50-day transferring common worth of $30.87 and a 200 day transferring common worth of $31.88. The corporate has a market cap of $45.32 billion, a P/E ratio of 23.49, a P/E/G ratio of two.69 and a beta of 0.67. The corporate has a present ratio of 0.39, a fast ratio of 0.23 and a debt-to-equity ratio of 0.39. Keurig Dr Pepper Inc. has a 1 yr low of $27.66 and a 1 yr excessive of $38.94.

Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) final introduced its quarterly earnings information on Thursday, October twenty sixth. The corporate reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. The agency had income of $3.81 billion throughout the quarter, in comparison with the consensus estimate of $3.77 billion. Keurig Dr Pepper had a return on fairness of 9.76% and a web margin of 13.16%. The enterprise’s income for the quarter was up 5.1% on a year-over-year foundation. Throughout the identical interval within the prior yr, the enterprise earned $0.46 EPS. As a gaggle, analysts count on that Keurig Dr Pepper Inc. will publish 1.78 EPS for the present fiscal yr.

Keurig Dr Pepper Will increase Dividend

The corporate additionally just lately introduced a quarterly dividend, which was paid on Friday, October thirteenth. Shareholders of document on Friday, September twenty ninth got a $0.215 dividend. It is a optimistic change from Keurig Dr Pepper’s earlier quarterly dividend of $0.20. This represents a $0.86 annualized dividend and a yield of two.65%. The ex-dividend date was Thursday, September twenty eighth. Keurig Dr Pepper’s dividend payout ratio is presently 62.32%.

Analyst Rankings Adjustments

A number of brokerages have just lately weighed in on KDP. Citigroup reduce their worth goal on Keurig Dr Pepper from $37.00 to $33.00 and set a “impartial” ranking for the corporate in a report on Wednesday, October eleventh. Morgan Stanley decreased their goal worth on Keurig Dr Pepper from $39.00 to $37.00 and set an “obese” ranking for the corporate in a report on Friday, October twenty seventh. UBS Group raised Keurig Dr Pepper from a “impartial” ranking to a “purchase” ranking and upped their goal worth for the corporate from $37.00 to $42.00 in a report on Tuesday, August fifteenth. Sanford C. Bernstein decreased their goal worth on Keurig Dr Pepper from $40.00 to $37.00 and set an “outperform” ranking for the corporate in a report on Thursday, October twelfth. Lastly, Barclays upped their goal worth on Keurig Dr Pepper from $34.00 to $36.00 and gave the corporate an “obese” ranking in a report on Monday, October thirtieth. Three analysis analysts have rated the inventory with a maintain ranking and 7 have assigned a purchase ranking to the corporate. In keeping with information from MarketBeat, Keurig Dr Pepper at the moment has a consensus ranking of “Reasonable Purchase” and a median worth goal of $37.20.

View Our Newest Inventory Evaluation on Keurig Dr Pepper

Insiders Place Their Bets

In different information, insider Karin Rotem-Wildeman purchased 7,050 shares of the corporate’s inventory in a transaction on Friday, October twenty seventh. The shares had been purchased at a median price of $29.95 per share, with a complete worth of $211,147.50. Following the transaction, the insider now immediately owns 69,448 shares within the firm, valued at roughly $2,079,967.60. The acquisition was disclosed in a authorized submitting with the SEC, which could be accessed by this hyperlink. In associated information, COO Timothy P. Cofer acquired 50,000 shares of the inventory in a transaction dated Monday, November sixth. The shares had been acquired at a median worth of $31.26 per share, with a complete worth of $1,563,000.00. Following the acquisition, the chief working officer now owns 350,393 shares within the firm, valued at roughly $10,953,285.18. The acquisition was disclosed in a doc filed with the Securities & Alternate Fee, which is on the market at this hyperlink. Additionally, insider Karin Rotem-Wildeman acquired 7,050 shares of the inventory in a transaction dated Friday, October twenty seventh. The shares had been purchased at a median price of $29.95 per share, for a complete transaction of $211,147.50. Following the acquisition, the insider now owns 69,448 shares within the firm, valued at roughly $2,079,967.60. The disclosure for this buy could be discovered right here. Insiders have purchased a complete of 72,050 shares of firm inventory valued at $2,240,048 within the final three months. Insiders personal 0.81% of the corporate’s inventory.

Keurig Dr Pepper Profile

(Free Report)

Keurig Dr Pepper Inc operates as a beverage firm in the US and internationally. It operates by 4 segments: Espresso Techniques, Packaged Drinks, Beverage Concentrates, and Latin America Drinks. The Espresso Techniques phase manufactures and distributes numerous completed items associated to its espresso programs, Okay-Cup pods, and brewers, in addition to specialty espresso.

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

This instantaneous information alert was generated by narrative science know-how and monetary information from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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