Vanguard Personalized Indexing Management LLC Acquires 26,441 Shares of Keurig Dr Pepper, Inc $KDP

Vanguard Personalized Indexing Management LLC lifted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 31.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 109,308 shares of the company's stock after purchasing an additional 26,441 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Keurig Dr Pepper were worth $3,614,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Rise Advisors LLC bought a new stake in shares of Keurig Dr Pepper in the 1st quarter worth about $25,000. Chung Wu Investment Group LLC acquired a new position in Keurig Dr Pepper during the 2nd quarter worth about $26,000. WPG Advisers LLC acquired a new position in Keurig Dr Pepper during the 1st quarter worth about $43,000. Continuum Advisory LLC lifted its position in Keurig Dr Pepper by 82.5% during the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after buying an additional 602 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in Keurig Dr Pepper during the 1st quarter worth about $48,000. Institutional investors own 93.99% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Jefferies Financial Group set a $41.00 price target on shares of Keurig Dr Pepper in a research report on Monday, August 25th. JPMorgan Chase & Co. reduced their price target on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Thursday, July 17th. BNP Paribas downgraded shares of Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a research report on Monday, September 22nd. Hsbc Global Res downgraded shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Tuesday, August 26th. Eleven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $35.00.

Insider Buying and Selling

In other news, Director Robert James Gamgort sold 7,601 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the transaction, the director directly 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the transaction, the insider directly owned 82,511 shares of the company's stock, valued at $2,777,320.26. This represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 435,601 shares of company stock valued at $14,421,512. 1.00% of the stock is owned by company insiders.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $26.69 on Wednesday. The business has a 50 day simple moving average of $29.12 and a 200 day simple moving average of $32.13. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $37.27. 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 has a market cap of $36.26 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.46 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The business had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.14 billion. During the same period in the prior year, the business earned $0.45 EPS. Keurig Dr Pepper's revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, September 26th. Keurig Dr Pepper's dividend payout ratio is presently 82.14%.

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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