Hamlin Capital Management LLC Acquires 62,778 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Hamlin Capital Management LLC increased its holdings in Keurig Dr Pepper by 1.4%, acquiring an additional 62,778 shares, now owning 4,448,801 shares valued at approximately $147 million.
• Keurig Dr Pepper's stock has a market cap of $38.08 billion, with a current PE ratio of 25.03, and its quarterly earnings met analysts' estimates at $0.49 per share.
• The company declared a quarterly dividend of $0.23 per share, resulting in an annualized dividend yield of 3.3%, with a payout ratio currently at 82.14%.

Hamlin Capital Management LLC increased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,448,801 shares of the company's stock after acquiring an additional 62,778 shares during the quarter. Keurig Dr Pepper comprises about 3.4% of Hamlin Capital Management LLC's investment portfolio, making the stock its 19th biggest holding. Hamlin Capital Management LLC owned about 0.33% of Keurig Dr Pepper worth $147,077,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KDP. Rise Advisors LLC bought a new position in shares of Keurig Dr Pepper in the 1st quarter worth about $25,000. Chung Wu Investment Group LLC bought a new position in shares of Keurig Dr Pepper in the 2nd quarter worth about $26,000. WPG Advisers LLC bought a new position in shares of Keurig Dr Pepper in the 1st quarter worth about $43,000. Continuum Advisory LLC increased its stake in shares of Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after acquiring an additional 602 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in shares of Keurig Dr Pepper by 26.4% in the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company's stock worth $54,000 after acquiring an additional 339 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $28.03 on Friday. The firm's 50-day moving average price is $28.74 and its 200-day moving average price is $32.00. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The company has a market cap of $38.08 billion, a PE ratio of 25.03, a PEG ratio of 1.53 and a beta of 0.43. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $37.27.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.49. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. As a group, analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, September 26th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 82.14%.

Wall Street Analyst Weigh In

Several brokerages recently commented on KDP. Bank of America cut their price objective on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a "buy" rating on the stock in a research report on Wednesday, October 8th. TD Cowen cut their price objective on shares of Keurig Dr Pepper from $36.00 to $28.00 and set a "hold" rating on the stock in a research report on Wednesday, October 1st. Wells Fargo & Company cut their price objective on shares of Keurig Dr Pepper from $40.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. Cowen reissued a "hold" rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 1st. Finally, Barclays downgraded shares of Keurig Dr Pepper from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $39.00 to $26.00 in a research report on Wednesday, September 24th. Eleven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $35.00.

Insider Activity

In other news, Director Robert James Gamgort sold 7,601 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total transaction of $272,951.91. Following the sale, the director owned 2,284,568 shares of the company's stock, valued at $82,038,836.88. This trade represents a 0.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 423,601 shares of company stock worth $14,017,592. Company insiders own 0.40% of the company's stock.

About Keurig Dr Pepper

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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