IFM Investors Pty Ltd Boosts Stock Holdings in Keurig Dr Pepper, Inc $KDP

Key Points

• IFM Investors Pty Ltd increased its stake in Keurig Dr Pepper, Inc by 14.9% in Q2, owning 307,210 shares valued at approximately $10.16 million.
• The company recently announced a quarterly dividend of $0.23 per share, resulting in an annualized yield of 3.4%.
• Keurig Dr Pepper reported Q2 earnings of $0.49 per share, meeting analysts' expectations with a year-over-year revenue increase of 6.1%.

IFM Investors Pty Ltd grew its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 14.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 307,210 shares of the company's stock after acquiring an additional 39,892 shares during the period. IFM Investors Pty Ltd's holdings in Keurig Dr Pepper were worth $10,156,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. State of Wyoming grew its stake in shares of Keurig Dr Pepper by 243.0% during the 4th quarter. State of Wyoming now owns 7,031 shares of the company's stock valued at $226,000 after buying an additional 4,981 shares during the period. Vident Advisory LLC lifted its holdings in Keurig Dr Pepper by 23.5% in the 4th quarter. Vident Advisory LLC now owns 14,391 shares of the company's stock worth $462,000 after buying an additional 2,740 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at about $2,172,000. Waverly Advisors LLC raised its stake in shares of Keurig Dr Pepper by 42.2% in the 4th quarter. Waverly Advisors LLC now owns 18,470 shares of the company's stock valued at $593,000 after purchasing an additional 5,478 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at about $14,406,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KDP has been the subject of several recent analyst reports. Hsbc Global Res cut shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. BNP Paribas downgraded shares of Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a research report on Monday. BNP Paribas Exane lowered shares of Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a research note on Monday. Jefferies Financial Group set a $41.00 price target on shares of Keurig Dr Pepper in a research note on Monday, August 25th. Finally, Piper Sandler dropped their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 17th. Eleven analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and an average price target of $37.77.

Keurig Dr Pepper Stock Performance

Shares of KDP stock traded up $0.26 on Tuesday, hitting $26.21. The company's stock had a trading volume of 5,134,612 shares, compared to its average volume of 13,552,715. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The stock's 50 day moving average is $31.53 and its 200-day moving average is $32.98. Keurig Dr Pepper, Inc has a fifty-two week low of $25.92 and a fifty-two week high of $38.28. The company has a market capitalization of $35.60 billion, a PE ratio of 23.37, a PEG ratio of 1.49 and a beta of 0.47.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.5%. Keurig Dr Pepper's payout ratio is currently 82.14%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 7,601 shares of Keurig Dr Pepper stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the sale, the director owned 2,284,568 shares in the company, valued at $82,038,836.88. The trade was a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the sale, the insider owned 82,511 shares of the company's stock, valued at $2,777,320.26. This trade represents a 12.70% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 447,601 shares of company stock worth $14,825,192. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Profile

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.