China Universal Asset Management Co. Ltd. Buys 9,051 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

China Universal Asset Management Co. Ltd. increased its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 111.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,201 shares of the company’s stock after acquiring an additional 9,051 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Keurig Dr Pepper were worth $648,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Blue Trust Inc. boosted its holdings in Keurig Dr Pepper by 312.1% in the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after purchasing an additional 643 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake 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. lifted its stake in 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 purchasing an additional 301 shares during the last quarter. Hantz Financial Services Inc. bought a new position in Keurig Dr Pepper in the 2nd quarter valued at approximately $35,000. Finally, Riverview Trust Co bought a new position in Keurig Dr Pepper in the 2nd quarter valued at approximately $39,000. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Down 2.9 %

KDP opened at $32.88 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. The stock has a market cap of $44.57 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.73 and a beta of 0.62. The company has a fifty day moving average of $36.63 and a 200-day moving average of $34.71. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.48 earnings per share. On average, sell-side analysts predict 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. Shareholders of record on Friday, September 27th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.80%. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 59.35%.

Analyst Upgrades and Downgrades

KDP has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Royal Bank of Canada raised their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Citigroup dropped their price target on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Barclays dropped their price target on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. dropped their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.36.

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.