Point72 Hong Kong Ltd Makes New $9.09 Million Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Point72 Hong Kong Ltd purchased a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 272,070 shares of the company's stock, valued at approximately $9,087,000.

Several other hedge funds have also made changes to their positions in the company. 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. Federated Hermes Inc. boosted its position in shares of Keurig Dr Pepper by 21.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,757 shares of the company's stock worth $59,000 after purchasing an additional 314 shares during the period. Morningstar Investment Management LLC boosted its position in shares of Keurig Dr Pepper by 1.1% during the 4th quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company's stock worth $1,051,000 after purchasing an additional 328 shares during the period. Mather Group LLC. boosted its position in shares of Keurig Dr Pepper by 29.0% during the 2nd quarter. Mather Group LLC. now owns 1,742 shares of the company's stock worth $53,000 after purchasing an additional 392 shares during the period. Finally, US Bancorp DE boosted its position in shares of Keurig Dr Pepper by 0.4% during the 4th quarter. US Bancorp DE now owns 121,107 shares of the company's stock worth $4,035,000 after purchasing an additional 503 shares during the period. Hedge funds and other institutional investors own 85.23% of the company's stock.

Keurig Dr Pepper Stock Down 0.7 %

Shares of KDP traded down $0.25 during midday trading on Wednesday, reaching $37.58. The stock had a trading volume of 4,268,113 shares, compared to its average volume of 8,732,764. Keurig Dr Pepper Inc. has a 1-year low of $27.66 and a 1-year high of $38.28. The company's fifty day simple moving average is $35.58 and its two-hundred day simple moving average is $33.62. The company has a market cap of $50.96 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 2.86 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business earned $0.42 EPS. Keurig Dr Pepper's revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research 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 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 positive change from Keurig Dr Pepper's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Friday, September 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 55.48%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KDP. UBS Group increased their price objective on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Monday, June 10th. Royal Bank of Canada reiterated an "outperform" rating and set a $41.00 target price on shares of Keurig Dr Pepper in a report on Friday, July 26th. Citigroup upgraded shares of Keurig Dr Pepper from a "neutral" rating to a "buy" rating and increased their target price for the stock from $36.00 to $43.00 in a report on Monday. JPMorgan Chase & Co. reduced their target price 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 increased their target price on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an "overweight" rating in a report on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.20.

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.