Custom Index Systems LLC Acquires New Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Custom Index Systems LLC bought a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,752 shares of the company’s stock, valued at approximately $253,000.

Other hedge funds have also added to or reduced their stakes in the company. State of Michigan Retirement System boosted its position in Keurig Dr Pepper by 3.6% in the first quarter. State of Michigan Retirement System now owns 285,400 shares of the company’s stock worth $8,753,000 after purchasing an additional 9,800 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Keurig Dr Pepper by 0.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,084,471 shares of the company’s stock worth $94,601,000 after purchasing an additional 9,674 shares during the last quarter. Norden Group LLC purchased a new stake in shares of Keurig Dr Pepper during the 1st quarter worth approximately $1,315,000. Maryland State Retirement & Pension System lifted its holdings in shares of Keurig Dr Pepper by 2.8% in the 1st quarter. Maryland State Retirement & Pension System now owns 74,810 shares of the company’s stock valued at $2,297,000 after acquiring an additional 2,023 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Keurig Dr Pepper by 254.6% in the first quarter. Commonwealth Equity Services LLC now owns 95,877 shares of the company’s stock valued at $2,941,000 after acquiring an additional 68,840 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $34.58 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $36.73 and its two-hundred day moving average is $34.67. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28. The stock has a market capitalization of $46.88 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 2.73 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. Research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS 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 issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.66%. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper’s payout ratio is 59.35%.

Analysts Set New Price Targets

A number of research analysts have recently commented on KDP shares. Barclays upped 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, October 11th. Deutsche Bank Aktiengesellschaft increased their price target on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Jefferies Financial Group dropped their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday. TD Cowen increased their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, September 26th. Finally, Citigroup reduced their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.50.

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.