Barden Capital Management Inc. Has $1.48 Million Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Barden Capital Management Inc. boosted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,483 shares of the company’s stock after buying an additional 771 shares during the quarter. Barden Capital Management Inc.’s holdings in Keurig Dr Pepper were worth $1,480,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Keurig Dr Pepper by 617.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after buying an additional 685 shares during the last quarter. Blue Trust Inc. raised 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 worth $26,000 after acquiring an additional 643 shares during the period. Farmers & Merchants Investments Inc. lifted its position in Keurig Dr Pepper by 51.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after acquiring an additional 301 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in Keurig Dr Pepper by 105.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after acquiring an additional 530 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new stake in Keurig Dr Pepper during the second quarter valued at about $35,000. 85.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KDP has been the topic of a number of recent analyst reports. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. BNP Paribas initiated coverage on Keurig Dr Pepper in a research report on Monday, June 24th. They issued a “neutral” rating and a $36.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $41.00 price objective on shares of Keurig Dr Pepper in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of Keurig Dr Pepper from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus price target of $38.21.

Keurig Dr Pepper Stock Up 1.2 %

Shares of NASDAQ KDP opened at $36.94 on Monday. Keurig Dr Pepper Inc. has a 52-week low of $28.32 and a 52-week high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. The business has a fifty day moving average of $36.64 and a two-hundred day moving average of $34.49. The stock has a market cap of $50.07 billion, a PE ratio of 23.83, a PEG ratio of 2.73 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $3.92 billion during 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 firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.42 EPS. As a group, equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.23 dividend. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper’s payout ratio is presently 59.35%.

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.