239,800 Shares in Keurig Dr Pepper, Inc $KDP Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 239,800 shares of the company's stock, valued at approximately $7,849,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Auxier Asset Management lifted its stake in Keurig Dr Pepper by 0.4% during the second quarter. Auxier Asset Management now owns 72,163 shares of the company's stock worth $2,386,000 after purchasing an additional 318 shares during the last quarter. Rossby Financial LCC lifted its position in shares of Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company's stock worth $31,000 after buying an additional 339 shares during the last quarter. Wealth Watch Advisors INC lifted its position in shares of Keurig Dr Pepper by 18.3% during the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company's stock worth $67,000 after buying an additional 373 shares during the last quarter. Transamerica Financial Advisors LLC boosted its stake in Keurig Dr Pepper by 19.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company's stock valued at $72,000 after buying an additional 420 shares in the last quarter. Finally, BOKF NA boosted its stake in Keurig Dr Pepper by 44.1% in the third quarter. BOKF NA now owns 1,388 shares of the company's stock valued at $35,000 after buying an additional 425 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on KDP shares. Zacks Research downgraded Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 18th. Citigroup lifted their price target on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. UBS Group upped their price objective on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Weiss Ratings reissued a "hold (c)" rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Finally, Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a research note on Wednesday, July 1st. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $34.75.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $31.44 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The stock has a market cap of $42.78 billion, a price-to-earnings ratio of 31.76, a P/E/G ratio of 1.40 and a beta of 0.40. The company's fifty day moving average is $31.17 and its 200 day moving average is $29.23.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.Keurig Dr Pepper's quarterly revenue was up 75.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. Sell-side analysts forecast that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, June 26th. Keurig Dr Pepper's payout ratio is currently 92.93%.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper NASDAQ: KDP is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig's single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company's product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.

Want to see what other hedge funds are holding KDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source