Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Poehling Capital Management INC.

Poehling Capital Management INC. raised its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 89,268 shares of the company’s stock after acquiring an additional 1,498 shares during the period. Poehling Capital Management INC.’s holdings in Keurig Dr Pepper were worth $2,982,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Blue Trust Inc. boosted its position in shares of Keurig Dr Pepper by 312.1% during the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after acquiring an additional 643 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Keurig Dr Pepper by 617.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after purchasing an additional 685 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Keurig Dr Pepper by 51.5% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after buying an additional 301 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $35,000. Finally, Riverview Trust Co purchased a new stake in shares of Keurig Dr Pepper during the 2nd quarter valued at approximately $39,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays lowered their price objective on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Truist Financial upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and boosted their price objective for the company from $27.00 to $34.00 in a report on Monday, June 17th. UBS Group increased their target price on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. decreased their price objective on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Finally, Wells Fargo & Company lifted their target price on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.50.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $37.61 on Friday. The business has a 50-day simple moving average of $34.85 and a 200-day simple moving average of $33.19. The company has a market cap of $51.00 billion, a PE ratio of 24.26, a P/E/G ratio of 2.79 and a beta of 0.62. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $37.69. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. On average, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a dividend of $0.23 per share. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.92 annualized dividend and a yield of 2.45%. Keurig Dr Pepper’s payout ratio is presently 55.48%.

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.