MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Increases Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,135,419 shares of the company’s stock after acquiring an additional 8,397 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Keurig Dr Pepper were worth $42,556,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Keurig Dr Pepper by 107.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock worth $725,487,000 after purchasing an additional 12,259,471 shares in the last quarter. Vanguard Group Inc. lifted its position in Keurig Dr Pepper by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock worth $2,786,075,000 after acquiring an additional 7,825,418 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Keurig Dr Pepper by 41.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company’s stock worth $212,901,000 after acquiring an additional 1,878,597 shares during the period. Armistice Capital LLC grew its position in Keurig Dr Pepper by 186.3% in the second quarter. Armistice Capital LLC now owns 1,486,063 shares of the company’s stock valued at $49,635,000 after acquiring an additional 966,924 shares in the last quarter. Finally, Retirement Systems of Alabama raised its stake in shares of Keurig Dr Pepper by 27.9% during the first quarter. Retirement Systems of Alabama now owns 4,236,589 shares of the company’s stock valued at $129,936,000 after purchasing an additional 924,896 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Down 0.4 %

Keurig Dr Pepper stock opened at $36.38 on Monday. The firm has a 50-day moving average price of $36.42 and a two-hundred day moving average price of $34.28. Keurig Dr Pepper Inc. has a 52-week low of $27.66 and a 52-week high of $38.28. The firm has a market capitalization of $49.33 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 2.73 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. Sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.23 dividend. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is currently 58.60%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BNP Paribas began coverage on shares of Keurig Dr Pepper in a research note on Monday, June 24th. They issued a “neutral” rating and a $36.00 target price for the company. Barclays raised their target price on Keurig Dr Pepper from $37.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. cut their target price on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Finally, Truist Financial raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and raised their price target for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.86.

Keurig Dr Pepper Company 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.