Vaughan Nelson Investment Management L.P. Has $2.08 Million Stake in Keurig Dr Pepper, Inc $KDP

Key Points

• Vaughan Nelson Investment Management L.P. reduced its stake in Keurig Dr Pepper, Inc. by 47.5%, owning 62,795 shares valued at approximately $2.08 million after selling 56,765 shares.
• Keurig Dr Pepper reported a quarterly revenue of $4.16 billion and achieved an EPS of $0.49, meeting analyst estimates and showing a 6.1% increase compared to the previous year.
• The company announced a quarterly dividend of $0.23 per share, yielding 3.6%, with a high dividend payout ratio of 82.14% as of the last reporting period.

Vaughan Nelson Investment Management L.P. decreased its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 47.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 62,795 shares of the company's stock after selling 56,765 shares during the period. Vaughan Nelson Investment Management L.P.'s holdings in Keurig Dr Pepper were worth $2,076,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Rise Advisors LLC purchased a new position in shares of Keurig Dr Pepper during the first quarter valued at $25,000. WPG Advisers LLC purchased a new position in shares of Keurig Dr Pepper during the first quarter valued at $43,000. Continuum Advisory LLC increased its stake in Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after buying an additional 602 shares during the period. Global Trust Asset Management LLC acquired a new position in Keurig Dr Pepper in the 1st quarter valued at approximately $48,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Keurig Dr Pepper in the 1st quarter valued at approximately $68,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

KDP stock opened at $25.84 on Friday. 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 capitalization of $35.10 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 1.42 and a beta of 0.43. Keurig Dr Pepper, Inc has a 12 month low of $25.27 and a 12 month high of $37.27. The firm has a 50 day moving average of $30.16 and a two-hundred day moving average of $32.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $4.16 billion during 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 company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, equities analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, September 26th. Keurig Dr Pepper's dividend payout ratio is currently 82.14%.

Analysts Set New Price Targets

KDP has been the topic of several research reports. Cowen reiterated a "hold" rating on shares of Keurig Dr Pepper in a research note on Wednesday. UBS Group dropped their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, August 27th. Jefferies Financial Group set a $41.00 price objective on shares of Keurig Dr Pepper in a research note on Monday, August 25th. Hsbc Global Res lowered shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Finally, BNP Paribas lowered shares of Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a research note on Monday, September 22nd. Ten 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 data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $35.14.

Insider Buying and Selling at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the company'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 completion of the sale, the insider directly owned 82,511 shares of the company's stock, valued at approximately $2,777,320.26. This represents a 12.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert James Gamgort sold 7,601 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the sale, the director directly owned 2,284,568 shares of the company's stock, valued at approximately $82,038,836.88. This represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 435,601 shares of company stock valued at $14,421,512. 0.40% of the stock is owned by insiders.

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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